If You're Curious About These Questions...
You should listen to this audiobook
- Did you know that your business might actually be losing money even if your books show a profit, simply because of how you calculate your own salary?
- Have you ever wondered why some companies hit a 'growth wall' despite increasing sales, and how you can use simple numbers to break through it?
- What if you could identify the exact 'Labor Efficiency Ratio' that determines whether your team is a profit engine or a hidden drain on your wealth?
Listen to Simple Numbers, Straight Talk, Big Profits! — Free Audiobook
Loading player...
Key Takeaways from Simple Numbers, Straight Talk, Big Profits!
- Understand why prioritizing profit and controlling outbound cash flow is vastly more critical to your firm's survival than simply maximizing sales revenue.
- Discover why you must always pay yourself a fair market wage to ensure accurate financial metrics, maximize your company's future selling price, and avoid IRS audits.
- Learn how to navigate the dangerous business 'black hole' by maintaining a 10- to 15-percent pre-tax profitability to continuously fund your growth.
- Find out how to implement a strict salary cap that protects at least ten percent of your profits while allowing you to safely scale and hire new staff.
- Master a simple but powerful equation to measure labor productivity, allowing you to optimize employee compensation and reduce costly turnover.
Simple Numbers, Straight Talk, Big Profits! — Full Chapter Overview
Chapter 1: Recommendation
Chapter 2: Business owners must always pay themselves a fair market wage.
Chapter 3: Prioritizing solid profits will steer your company safely through its crucial adolescence stage.
Chapter 4: Control labor costs and safeguard ten percent of your profits by enforcing a firmwide salary cap.
Chapter 5: Boosting labor productivity is essential to meet your salary cap targets and attain profitability consistently.
Chapter 6: Mind carefully the four forces driving cash flow: tax, debt, the core capital target, and distributions.
Chapter 7: When you need to raise capital, it’s wiser to use savings rather than take on debt instead.
Chapter 8: Consistently tracking critical measures will help you spot early trends and take swift action.
Chapter 9: Carefully track metrics to forecast cash flow and identify issues before they appear at all.
Simple Numbers, Straight Talk, Big Profits! Summary & Overview
Simple Numbers, Straight Talk, Big Profits! (2011) outlines the essential, interconnected elements you need to know that affect your company’s longevity and growth. Through a series of simple steps, you can create a more productive workplace to ultimately boost performance and build greater wealth.
Who Should Listen to Simple Numbers, Straight Talk, Big Profits!?
- Entrepreneurs thinking about starting a new business
- Business leaders working for companies in an early growth phase
- Start-up founders
Books Similar to Simple Numbers, Straight Talk, Big Profits!
Readers who enjoyed this also liked these titles.
Financial Intelligence for Entrepreneurs
★ 3.1 / 5 • 307 ratingsWhat You Really Need to Know about the Numbers
Profit First
★ 4.5 / 5 • 497 ratingsTransform Your Business From a Cash-Eating Monster to a Money-Making Machine
Financial Intelligence
★ 3.7 / 5 • 261 ratingsA Manager's Guide to Knowing What the Numbers Really Mean
Simple Tips, Smart Ideas
★ 4.3 / 5 • 153 ratingsBuild a bigger, better business