❓❓ Does this make any sense at all❓❓
I came across a Currency Exchange machine while in London last weekend.
Apparently you can put a £10 note in the slot (the new ones obviously) and get back £9.10 in return! 😶
Now this sounds a little bit absurd to me, but it got me thinking about how a business can turn into a machine that does exactly this.
Think about it: A business that turns over £10m per year and makes a 9% loss is exactly the same as the Currency Exchange machine.
Just on a lot bigger scale. 👎
When looking at your business there are three things to remember:
💰 Turnover is vanity
💰 Profit is sanity
💰 Cashflow is king
Personally I’d rather have a smaller business that turns over less, but makes a healthy profit and is cash-rich than a huge turnover with no profit and struggling cashflow.
The latter scenario results in a massive amount of stress.
😀 I have 67 different strategies for increasing the profitability in your company. 🚀
If you’d like to know how I can help you to implement these in your business then email me on paulbedford@ActionCOACH.com or call me on 07588 883744.
