1 / 13

A Gift For You!

A Gift For You!. Parkinson’s Law. Demand expands to meet the Supply Applies to toothpaste, time and MONEY. Bank Balance Accounting. Leverage The Behavior Skip the Accounting and Access the Account Deposits Dictate the Expenses. Always Take Your Profit. Focus on what comes First!. Sales

giovanni
Download Presentation

A Gift For You!

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. A Gift For You!

  2. Parkinson’s Law • Demand expands to meet the Supply • Applies to toothpaste, time and MONEY

  3. Bank Balance Accounting • Leverage The Behavior • Skip the Accounting and Access the Account • Deposits Dictate the Expenses

  4. Always Take Your Profit Focus on what comes First! Sales - Profit Expenses

  5. 4 Steps To Profit First – STEP 1: Use Small Plates • Multiple Small Plates • (remember Parkinson’s Law) • Setup the 5 Core Accounts: • Income • Profit • Owner’s Comp • Taxes • Operating Expenses

  6. 4 Steps To Profit First – STEP 1 cont.

  7. 4 Steps To Profit First – STEP 1 cont. Real Revenue is your Total Income/Total Revenue/Sales MINUS Material & Subs. **This is the number that your allocations are based on.** Real Revenue = Total Income - Material & Subs

  8. 4 Steps To Profit First – STEP 2: Follow the Sequence Eat Vegetables First Allocate Distribute Pay Bills LAST

  9. 4 Steps To Profit First – STEP 3: Remove Temptation • Transfer Profit & Tax to Remote Accounts • Out of Sight, Out of Mind

  10. 4 Steps To Profit First – STEP 4: Implement a Rhythm • The 10/25 Rule • The Quarterly Profit Distribution • The Quarterly CAPs Adjustment • *Plus my personal recommendation

  11. Owner of Austin PlumberyProfit First Certified Financial Coach www.deborahwhitby.com hello@deborahwhitby.com CONTACT

  12. Q&A

More Related