For the longest time, we were concerned about our future and thought we could improve our results on our own. Then we realized that we needed help. Since working with Profitable Wisdom, we enjoy working on our business again and feel a sense of peace and calm about our future. Profitable Wisdom has helped us to increase profits, grow our personal savings and plan a transition that is right for us.
~ Jo Anne & Bill Leyburne
Questions & Answers
A business owner once told me that she asked her Accountant how to increase business’ profits. The accountant replied: “Increase revenue.” Many business owners believe that you must increase sales and revenue to make more money. However, there are many other ways to improve profitability.
A better way to increase profits is to increase profit margins…
The term “goodwill” is often thrown around in conversation as though it is a subjective description of how much your customers like your business.
In fact, when it comes to valuing your business, there is nothing subjective about the definition of goodwill. It is defined as the difference between what someone is willing to pay for your company minus the value of your hard assets.