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Building a Profit War Chest and save your Business
How a Small Business owners can very quickly amass Emergency Cash Reserves and Build a Profit War Chest:
Most business owners don’t have the time to or know-how to read the different accounting reports necessary to manage the financial aspect of a Business.
So many resort to “Bank Balance Accounting”, which is where we look at our bank balance every day and make important financial decisions based on what we see.
Very dangerous waters … but that’s not the worst thing.
Sales – Expenses = Profit.
In other words, Sell as much as you can.
Incur the expenses you need to deliver on your promises.
Then whatever is leftover is profit.
Profit is a leftover. Profit is an afterthought.
No wonder so many business owners tell me there barely is ever enough profit left over!
What a shame, given all the effort you put in. But there’s hope.
I have been behind many very successful businesses, and as the owner of an Accounting firm, I have see everyday what businesses can do to stop bleeding cash and start accumulating great profits.
It doesn’t matter if you turnover $5M, $500k or $50. The Cash Rich Business Model works.
Here’s what Small Business Owners are saying about the Become a Cash Rich Business [Workshop]
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Want to flip the formula, put profit first and get on top of your numbers?
- Book in a Quick 10 Min Chat here with an Inspire Chartered Accountant to talk about Tax Saving Strategies that will work for you.
- Attend our Cash Rich Business Workshop where we will spend 2 hours walking you through the exact step by step process to become a far more profitable business than you currently are. https://inspireca.com/events