What is a ProfitLoop(tm)?
It’s the loop that shows how profits lead to growth and growth leads to more profits. The more you can keep in your profit loop the easier it is to attain growth and increase profits.
The business owner’s ProfitLoop(tm) can then fund growth, future profits, and the lifestyles of themselves, and their employees.
Unfortunately, there are forces that attempt to take the profits out of the Profit Loop(tm) and reduce the ability of the business owner to make the most of its revenue for themselves, their employees and their communities.
Many business owners are so involved in the day to day management of their businesses that they miss out of stopping these forces from taking the energy(revenue and profits) out of their ProfitLoop(tm).
What is one of the biggest and easiest ways to put the energy back into your ProfitLoop(tm)?
It’s not getting better at what you do every day. We’ll assume you know more about your operations than most and are equipped to handle your day to day. It’s about reducing the fees, expenses and taxes that suck the energy from your business and your ProfitLoop(tm). In the experience of production partners, it is estimated that 80% of business owners miss at least a portion of what they are entitled to due to everchanging laws, rules, and tools.
Here are three rules we follow:
One: The business owner should be able to keep their existing CPA’s, attorneys, advisors and consultants if they are content with those relationships. Displacement of these individuals and their organizations does not need to occur to benefit.
Two: Business owners should be able to put money right to the bottom line.
Three: The business owner always wins the biggest.
Get started with keeping more money in your ProfitLoop(tm).
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