The 7 Golden Keys to Success in Business Finances: Understand Your Financial Accounts and Double Your Profitability! by Sabrina Antou

Author:Sabrina Antou [Antou, Sabrina]
Language: eng
Format: epub
ISBN: 9781466385849
Amazon: 1466385847
Publisher: CreateSpace Independent Publishing Platform
Published: 2011-10-09T22:00:00+00:00

In this example, your business is in constant profit over the years. Why?

Your revenues have been constantly greater than your expenses.

In the next example, what is happening?

Well initially, there was no profit as your revenues were as high as your costs. Then, you managed to get a good grip on your costs and you made a good profit. But after that? You completely lost it. Your expenses skyrocketed and went exponential. You lost control and you ended up spending more than you were earning. As a result, your business went from being profitable to loss-making. What a shame! Indeed, this happens more often than we think. And this is what you need to watch out for in your business.

 Growing your business versus expenses incurred

Whenever you think of growing your business, or you consider spending or investing for your business, think ahead! Think about what costs your investments will incur, how much more revenue this will generate, and when this investment will become profitable.

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