Series 2: Maximising Your Profit

Should a business focus on profit or revenue first?

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 video, we’ll explore the principles from the book Profit First, which recommends a new system that accepts and accommodates our human frailties, rather than attempting to deny them.

Traditional accounting says, ‘Sales minus expenses equal profit.’ Profit First says, ‘Sales minus profit equals expenses!’

How could such a small change make such a big difference? Watch the video to find out!

Watch Video Five: Put Your Profit First!

Book an Obligation Free Consultation

If you are struggling with the topic in this video, or want to improve this area of your business with new strategies and a proven formula for success, then complete the form here now, to book an obligation free consultation with Phil Latz.

Phil will meet with you for one hour, free-of-charge, to listen to your current situation. He will help you to hone in upon the key issues and strategies that will make the most impact, no strings attached.

It will only take you 30 seconds to activate change! You have everything to gain and nothing to lose! 

What is better cash or profit?

There’s an old saying, “Turnover is vanity, profit is sanity and cash is king!”

We looked at the first and second part of this saying in the previous video. In this video, I’m focusing upon the final part: ‘cash is king!’

These days cash is not just ‘folding money’ but any form of readily available liquid asset.

This video will give you tips about how to stay liquid, how to make money from your cash and why cash will keep you in control!

Watch Video Four: Cash is King

Book an Obligation Free Consultation

If you are struggling with the topic in this video, or want to improve this area of your business with new strategies and a proven formula for success, then complete the form here now, to book an obligation free consultation with Phil Latz.

Phil will meet with you for one hour, free-of-charge, to listen to your current situation. He will help you to hone in upon the key issues and strategies that will make the most impact, no strings attached.

It will only take you 30 seconds to activate change! You have everything to gain and nothing to lose! 

Is turnover more important than profit?

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 sales.

Watch Video Three: Turnover is Vanity, Profit is Sanity

Book an Obligation Free Consultation

If you are struggling with the topic in this video, or want to improve this area of your business with new strategies and a proven formula for success, then complete the form here now, to book an obligation free consultation with Phil Latz.

Phil will meet with you for one hour, free-of-charge, to listen to your current situation. He will help you to hone in upon the key issues and strategies that will make the most impact, no strings attached.

It will only take you 30 seconds to activate change! You have everything to gain and nothing to lose! 

How do you read financial statements?

As the business owner, you don’t need to do the books yourself, or even understand the finer details. But it’s vital that you understand the basics.

If you’re a business owner that has survived for any length of time then you’ve proven that you have a gut feel for the key numbers that drive your business.

But unless you start to not just understand the basics of financials, but learn to take action as a result of what they’re telling you, then you could well be setting yourself up for a lifetime of stress and frustration.

If you find it embarrassing to ask your accountant or employees basic questions, this video could well give you the vital information you need.

Watch Video Two: Financial Statements Demystified

Book an Obligation Free Consultation

If you are struggling with the topic in this video, or want to improve this area of your business with new strategies and a proven formula for success, then complete the form here now, to book an obligation free consultation with Phil Latz.

Phil will meet with you for one hour, free-of-charge, to listen to your current situation. He will help you to hone in upon the key issues and strategies that will make the most impact, no strings attached.

It will only take you 30 seconds to activate change! You have everything to gain and nothing to lose!