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The two most common desires we hear from business owners are to have 'more time' and 'more profit'. And to get more time, you first need to be making good profits, so this issue is all about your profitability
 
Below we've compiled some of the best and simplest resources for you to better understand and execute on ways to be more profitable. 
 
Put a smile on your face, and boost your profits 🙂
 
Cheers
Jamie
 
P.S. A common symptom for lack of profitability is a loss of passion for your business. It's amazing how business owners who are having the most fun, also seem to be the most profitable. I wonder if there is a connection? Which comes first? Passion of course is critical, but passion without hard skills to drive profitability, will eventually fade. 
 
 
 
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3 Immediate Strategies To Boost Profits
 
If you want something you can do immediately, this blog post by yours truly is a great starting point. The three strategies I outline are simple, tangible and can be executed by any business. 
 
There is a 10 - 30% increase in profitability from these 3 alone. 
 
 
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Building a Profit-First Budget
 
Building on one of the points from the article above, this strategy is not so much about building an operating budget (boring ) but rather developing a new way of thinking. 
 
Check out this video
 
 
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4 Ways to Measure Your Profitability
 
This is a great article sharing four ways to look at how you are performing from a profitability point of view. Often, it's not enough just to look at the bottom line - we need to understand how to dissect our income statement into sections that tell us more of the story. 
 
An easy 2 minute read. 
 
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The Hidden Profit Centre in Your Business
 
 
If you think profit is all about numbers, think again. This article will get you thinking about some strategies that at first, can seem more intangible but are far from it. 
 
Thanks to our very own HR guru, Melina, for sharing this one ...
 
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Resources 

 

Profits Aren't Everything, They're The Only Thing.

 

This fantastic book takes a really hard look at your mindset around profitability. There are a few concepts George talks about that I don't agree with but they are far outweighed by the good. 

 

If you take most of George's advice, your bottom line will be looking better in no time.

 

 

 

 
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