Who’s your best employee?
no, it’s not Peter or Laura, it’s you.
Get paid what you deserve Putting profit first should be a priority in any small business. It is essential to ensure that everyone involved has the right mindset and understands why this is an important step for success.
Profit first allows us to measure our companies’ performance and take action accordingly in terms of expenses and sales. Additionally, it can help to create a financial structure that supports our employees, customers and investments that are longer-term commitments.
By focusing on the concept of Profit First, we will be in a better place by establishing a solid income base through which we can then grow and scale. This approach challenges the traditional accounting concept of Sales – Expense = Profit as it sets our sites for long-term success through profit taking and investing wisely.
The decision to put Profit First does not have to be difficult when it is combined with the right strategies to set budgets, track outcomes and understand the impacts at every stage of our business. In the end, all that matters is that your overall profits are increasing over time! get yourself a profit first professional.
http://www.bikingbookkeeper.co.uk/profit-first/
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