Maximising Your Profit

Few things give you more worry and that sick feeling in your gut than having debts that you can’t pay off. I know this from personal experience. Fortunately, through reading and listening to good advice, we gradually paid off and closed all of our credit cards, car loans, overdraft, accounts payable and other forms of…

All new business owners start out wide-eyed and optimistic, or at least they should be starting that way! Although it’s counter-intuitive, the very beginning is also the time to put some thought and planning into how your business will end. From a business owners’ perspective, the end, usually means either selling the business, handing it…

Building your business is like climbing a stairway. In this video, we’ll look at six key steps that if you can master, you’ll become a highly successful business owner. That is someone who receives strong profits from one or more businesses but does not have to work in any of them. These steps are Mastery,…

One of the quickest and easiest ways to destroy the profit of your business is to give your customers excessive discounts. In this video we’ll look at when discounting is a good idea and when it is not. You’ll also find out through examples exactly how much more volume you have to sell to make…

In this video, we’ll explore five key ways to increase the profitability of your business. Thanks to the magic of exponential equations, if you can increase your profitability by even a small percentage for each of these five ways, the total effect upon your bottom line is surprisingly large! Watch this video to discover more…

Have you slogged away in your business (or your regular job) for years and wondered where all your hard-earned money goes? Why don’t you ever seem to have much to show for your hard work after all of your bills have been paid? In this episode, we’ll explore the principles from the book Profit First,…

There’s an old saying, “Turnover is vanity, profit is sanity and cash is king!” In the previous video, we focused on the first part. In this video we focus upon the final part: ‘cash is king!’ These days cash is not just ‘folding money’ but any form of readily available liquid asset. Business owners often…

There’s an old saying, “Turnover is vanity, profit is sanity and cash is king!” In other words, just because you’re making sales or turnover, doesn’t mean that you’re making a profit. In this video we’ll take a closer look at these two measures and why you need to pay close attention to both, not just…

What is the primary aim of your business? It should be to maximise profit!All the other great things you’d like to achieve through your business won’t happen unless your business becomes sustainably profitable. You can argue all you like about Silicon Valley start-ups where it seems to be all about growth and market share with…