The top line is important, but the bottom line is more important. Many small business owners brag about revenue growth but almost no one brags about profit growth. Track overhead cost per unit of revenue and net profit per unit of revenue to ensure that your company is profitable as you grow. Calculate these two figures on a yearly basis and review them every quarter.
Shift your focus from growing the top line to growing the bottom line – your net profit.
Did you check your bank accounts on line today? This is the first step in protecting your hard earned cash.
Get the tools you need to grow profitably, build wealth, and live the life of your dreams.
Ruth King is well known as “The Profitability Master.” She is passionate about helping small business owners become profitable and stay profitable. For over 40 years she has coached, trained, and helped contractors and others achieve the business growth and goals they wanted to achieve.
Contact Ruth by emailing ruthking@hvacchannel.tv.
Visit www.financiallyfit.business to get your business financially fit in less than 10 minutes a month!
