The Surprising Secret To Making An Extra 10K In Your Business In 90 Days Or Less

The Surprising Secret To Making An Extra 10K In Your Business In 90 Days Or Less

 The way to make more profit and have more spare time is to systemise your business and follow the 5 step profit formula.

  You need to have properly written out processes so that everyone knows exactly what to do, when and in what order.

You need map out your lead generation process, your follow up process and your sales conversion process.

You also need systems covering financial procedures, admin, and team activities.

By writing out these systems you'll become much more efficient.

You'll generate more business at lower cost and you'll have more spare time.

  For a typical business if you make even 5% improvements in 4 key numbers you can add 40% to 50% or more to your profit.

Here's how it works:

                       Initial 5% Improvement*

Average Price*               1000        1050

Volume*                 1000        1050

Variable Cost of Goods Sold* (700)       (665)

Gross Margin               30%    36.66%

Gross Profit            300000     404250

Fixed Overhead Costs*     (200000)    (190000)   

Net Operating Profit      100000      214250 (+143%!)

  You can easily see how putting a few systems in place and making small improvements in your key numbers can transform your business. https://financiallyfree4life.co.uk

Debbie Jollie -'The Stammering Communicator'

Personal Branding Coach for Linkedin: Marketing Strategist, Fractional CMO, Digital Media Marketer, Consultant, and Speaker Helping Caribbean Firms Grow, One Brand at a Time.

3 å¹´

Great article Bernard Keavy Took note of a few things

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JENNIFER JIMBERE PROSCI, CPC, CMP, CPN

Take Your Leadership Journey to the Next Level. ?? Award-Winning Business & Executive Coach | PROSCI, Positive Psychology & Extended DiSC certified | 3 X Published Author | ACMP Board of Directors Member

3 å¹´

Well laid out again Bernard.

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Sharon Horne-Ellstrom

Sharon Horne-Ellstrom: Challenger, Consultant, Author...How To SUPERSIZE YOUR BUSINESS w/o Working Yourself To Death...

3 å¹´

Love the additional format and info deliver method Bernard!

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