Featured Article: Does Your Business Add Up?
Courtesy of Julie Steelman
Can we talk a little math today? It's important.
Too many businesses, either product or service based, still struggle with making a profit. Not to mention, creating consistent cash flow. You probably already know that.
I think some of the problem lies in mis-understanding business math. And, how important ALL parts of the equation are to realizing a profit.
Your profit...the one you get to retire on or use to create your own paradise. Let me show you want I mean.
Having a business = customers + sales
Having a healthy business = Ideal customers + sales volume that exceeds expenses
Having a wildly profitable business = Ideal customers + repeat customers + new revenue streams + sustainble sales volume that is repeatedly profitable.
If the math is that clear, why is this such a BIG problem?