The Business Behind Your Business - Real Advice to Help Small Business Owners Build, Lead and Thrive · Episode 73 · March 9, 2022 · 20 min
Why You Need to Know How to Increase Revenue to Be More Profitable
What is revenue and why is it so important? Let's start with looking at profit. Profit is the outcome; the end result. It’s quite simply what’s left over from your revenue when you deduct your expenses. Profit is the final score. Just looking at the final result and saying how much you want it to increase won’t make any difference. By focusing on the four factors that will create more profit, the end result improves naturally. So, with profit being what’s left after deducting expenses from ...