
Profit or Wealth?
Description
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Many business owners just worry about profits and ignore business wealth building, but a business needs both. Without building wealth, the business can still go bankrupt. Unlike books which solely focus on building personal wealth, Profit or Wealth? gives business owners clear and simple rules to build business wealth... which can translate to personal wealth.
Profit or Wealth? takes a unique perspective on what really matters in financial statements. Percentages don't matter. Dollars do. For example, business owners discover why looking at net profit percentages or gross margins can get them in trouble. By following the ten rules of profit and ten rules of wealth in this book, business owners can avoid the mistakes that trip up others, and build a solid, sustainable future.
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Content
- Intro
- Title
- Copyright
- Contents
- Read This First
- Introduction
- Don't Grow Unless You Are Willing to Do These Two Things
- Bookkeeper's and Owner's Responsibilities in the Creation of Profit and Wealth
- Did You Buy a Job?
- Profit Rules
- 1: Live, Eat, and Breathe Net Profit per Hour
- 2: Know Your True Costs
- 3: Price for Profit
- 4: Ensure Consistent Monthly Gross Margins
- 5: Ensure Continuous Profits
- 6: Build Recurring Revenue from a Profit and Loss Perspective
- 7: Understand That Profits and Cash Are Not the Same
- 8: Review Timely, Accurate Financial Statements Each Month
- 9: Understand That Inventory Is a Bet
- 10: You Can't Take a Percentage to the Bank
- Wealth Rules
- 1: Pay Attention to Your Balance Sheet
- 2: Separate Business Expenses from Personal Expenses
- 3: Build Recurring Revenue from a Wealth Perspective
- 4: Build a Great Culture That Is Not Dependent on You
- 5: Monitor Your Cash
- 6: Save Cash
- 7: Have a Sound Collection Policy
- A Note before Reading and Applying Wealth Rules 8-10
- 8: Have a Sound Inventory Policy
- 9: Have a Sound Debt Policy
- 10: Have an Increasing Current Ratio
- Implementing the Profit and Wealth Rules
- Zoe's Story
- Ted's Story
- Leo's Story
- Samantha's Story
- Julie and John's Story
- Conclusion
- Acknowledgments
- About the Author
- A Special Offer
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File format: ePUB
Copy protection: Adobe-DRM (Digital Rights Management)
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The file format ePub works well for novels and non-fiction books – i.e., „flowing” text without complex layout. On an e-reader or smartphone, line and page breaks automatically adjust to fit the small displays.
This eBook uses Adobe-DRM, a „hard” copy protection. If the necessary requirements are not met, unfortunately you will not be able to open the eBook. You will therefore need to prepare your reading hardware before downloading.
Please note: We strongly recommend that you authorise using your personal Adobe ID after installation of any reading software.
For more information, see our ebook Help page.
File format: ePUB
Copy protection: Watermark-DRM (Digital Rights Management)
System requirements:
- Computer (Windows; MacOS X; Linux): Use a reading software that can process the file format ePUB: e.g., Adobe Digital Editions or FBReader – both free (see eBook Help).
- Tablet/Smartphone (Android; iOS): Before downloading, install the free app Adobe Digital Editions (see eBook Help).
- E-reader: Bookeen, Kobo, Pocketbook, Sony, Tolino and many more (not Kindle).
The file format ePUB works well for novels and non-fiction books – i.e., „flowing” text without complex layout. On an e-reader or smartphone, line and page breaks automatically adjust to fit the small displays.
This eBook uses Watermark-DRM, a „soft” copy protection. This means that there are no technical restrictions to prevent illegal distribution. However, there is a personalised watermark embedded in the eBook that can be used to identify the purchaser of the eBook in the event of misuse and to provide evidence for legal purposes.
For more information, see our eBook Help page.