subject: Build Your Assets In Your Internet Company [print this page] Lets push the boost switch and apply a couple of leverage tips to enhance your earnings. Efficient use of monetary concepts in your business can really add to your net profit every year and hopefully this will help you with a few suggestions.
Cost Cutting Mistakes
The first concept that I really want to deal with is investment cutting. Many people try and reduce investments instead of growing profits which is what keeps people poor. Stop becoming enclosed in "cost". They can only be decreased by 100%. What you really have to be doing is to concentrate on finding the revenue and I'm going to present you some formulas to help you to understand this. Lets open up our eyes to bigger possibilites
Innovative Financial Way Of Thinking
Lets use an advanced mindset to the process. Truthfully, a lot of people just do not have a good financial mindset so your huge question should be, 'How should I invest much more into my business that converts so that I can sell more than what I spend?' and that is the objective.
The next Level
Take this up a notch. In the event you can increase your cost by another element now you are generating $3 million in sales and profits and let's say that you have a margin of 50% simply because a lot of these things are completely scalable (and I know this because this is about what is happened to my company). You'll end up having a $1.5M revenue.
Asset Development
I can show you that it's more most likely if I'm shelling out $1.5M a year into web sites and domain names and teaching my team, then I'm pretty certain I've received a tremendous asset that could be marketed for multiples and at the end of the day, the objective of the business for me would be to build up equity that I can market to someone else. I need to create an enterprise which has cashflow and is sale-able.
Three-Step Action Plan
So that's a leverage idea really worth grasping. Stop believing in 'push button magic' and start growing your True business. Here are some action methods you may take that are partly inspired by business guru Peter Drucker.
1) Identify what must be done that is best for your own company
2) Develop an implementation strategy (and be liable to make it through)
3) Focus on opportunity (investments) rather than problems (costs)
