Revenue – Expenses = Profit.
It’s a simple concept –– at least conceptually. Money coming in minus money going out. Whatever is left is profit.
Based on this formula, it’s obvious to most people that the way to increase profitability is to raise revenue, reduce expenses, or a little of both. However, the challenge comes when you move from the theoretical concept into the real world—specifically as the formula relates to your business.
Controlling and growing profitability is an extremely intricate exercise. The variables affecting it are numerous, complex, and often subtle. Changes as small as a few percentage points could destroy a company or thrust it into a list of fastest growing businesses.
Through our workshops, training programs, and seminars, and our one-on-one coaching, consulting, and mentoring, the ProfitAbility Institute helps business owners and leadership teams implement strategies to maximize profitability and survive periods of rapid growth for both short-term and substantial long-term prosperity.
If your business generates between $1 million to $20 million in annual sales and you have 12 or more employees, we invite you to contact us today for a no-cost, no-obligation conversation. Many business owners find this initial conversation both enlightening and reassuring that, with some expert guidance, they can get their business to where they want it to be.