Oh, The Dreaded ‘B’ Word
Oh, the dreaded ‘B’ word! No, not THAT ‘B’ word I’m talking about the BUDGET ‘B’ word. The formula for determining profit is a really simple one and the one that all budgets are based upon. Income – Expenses = Profit.
It isn’t complicated and you don’t need to be a rocket scientist to figure out that there are two ways to improve your profit; (1) increase income or (2) decrease expenses. If you can figure out how to both simultaneously, please let me know how.
It would be really nice if we could just crank up the burners and make more money, wouldn’t it? Unfortunately increasing income is much harder than decreasing expenses when it comes to improving your bottom line.
I don’t know why people make this so complicated. This is the rule that is broken every time a business fails and no business is to big to fail break the rule you fail! No one and no business no government is excused form this formula it will prevail. I can rant and rant on this it needs to be burned into modern culture.
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