If we actually showed you where your profit leaks were, what would you do with the Extra Money?
What produces a result here . . . PEOPLE or SYSTEMS? The top 5% of the best-managed, most-profitable companies would tell you that it is SYSTEMS, not people! (Example: McDonald’s System)
Do you use Compliance Accounting or Managerial Accounting?
Compliance Accounting is structured for IRS compliance
Managerial Accounting treats profit as your first expense and builds your system around it. Profit should be an expensed item.
Who is responsible for the profit in your business? If he or she is wearing all the hats . . . is 24 hours a day sufficient to do all the jobs and or requirements or could it be that there may be a better way?
Bill Gates has made more money than anyone else in history and the company that he founded still has profit leaks. Where Are Your Profit Leaks?
If we actually showed you where your profit leaks were, what would you do with the Extra Money?