- December 25, 2019
- Posted by: The-Distributor
- Category: Economics, Uncategorized
We’ve been lauded by our clients for bringing forth such a hard work ethic. We are emerging as key players in the consulting industry. Our customers get excited once they see what we come up with. Our special approach has always been – keep it bloody simple. Let us hit a home run together.
The biggest impact your customers will see, is quite frankly our biggest secret weapon. We’ll silently disrupt your business without being unprofessional. The different possible combinations are also being appreciated by many companies. Let your business rise in popularity again, or, if you’re just starting out, get a leg up. Deploy your new business again. Let’s explore the possibilities together.
Some pro’s suggest we flip the script. We take our income, prioritize a percentage for profit, and take whatever’s left and use that to pay our expenses. If there’s not enough, we have too many expenses and need to make cuts. This system guarantees profit.
And, because his recommended allocations include other accounts, his system also guarantees tax savings and a payday for YOU. Not bad.
There are various recommended percentages for various sized businesses, but those in the smaller products, and service-based business spaces all likely fall in the <$250k in Annual Revenue category.
With this in mind, a recommended percentage to be allocated to Operating Expenses is 30%. Many of us are going to be over that, when we take a look at our own Profit & Loss Statements. That’s okay! Get started where you’re at today, and work your way toward profits.
- Growth through innovation/creativity:
Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
- Increased profits:
The corporation will experience an increase in profits due to savings in operating costs as well as sales from new products, services and ventures.
- Higher business values:
The link between profits and business value means that the moment a corporation creates a new sustainable level of profit, the business value is adjusted accordingly.
- Lower staff turnover:
This, combined with the culture that must exist for innovation and creativity to flourish, means that new employees will be attracted to the organization.