7 Profit Tips and the Ultimate Business Advice
My goal at Profit Mastery is to save small businesses through consistent profit improvement. Along with our stellar profitability course, we'll be regularly sharing tips, tricks, and strategies from our learnings. Thanks for reading.
The Ultimate Business Advice
A week ago, I attended a conference dedicated to business owners, search funds, and investors. There were several great takeaways but one quote stood out to me:
“Focus on your business as if you’ll own it for 50 years and it’s your family’s only asset.”
What a great thought process. This quote came from a former operator of a Berkshire Hathaway subsidiary and was touted as a frequent saying within Berkshire. That's pretty cool.
Act as though your business is all you have and you'll likely take the right steps toward building something great and enduring. That's what we all want anyway... something that can outlive ourselves and doesn't require us to be in the driver's seat forever. Achieving that starts with healthy profits.
7 Profit Tips…
We recently started a "365 days of profit" campaign where you can follow along as we share daily tips and tricks to inch toward big profit improvement over the next year. Here were the first 7 tidbits from the past week:
Track your weekly cash inflows and outflows
Schedule price increases
Grab those credit card rewards
Hire virtual assistants or freelancers for admin or project-based work
Set a budget for expenses
Automate invoice processing for efficiency and cost savings
Review your credit card statement for unnecessary subscriptions
