Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine by Mike Michalowicz

Profit First: A Simple System To Transform Any Business From A Cash-Eating Monster To A Money-Making Machine by Mike Michalowicz

Author:Mike Michalowicz
Language: eng
Format: mobi, epub
Publisher: Obsidian Press
Published: 2014-06-23T16:00:00+00:00


2. With a highlighter, draw a box around any labor costs— salaries, commissions and bonuses for employees. Exclude owner salaries and payments to freelancers and subcontractors.

3. Now highlight expenses that were required to generate immediate revenue. For example, if you are a private investigator, you might highlight the purchase of a USB drive you use to store evidence that you give to your clients. If you bought a USB drive that you do not give to clients and just use internally, that item would not be highlighted.



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