Reading Profit First, on doing one thing well.

Your time is valuable. You can make more money by focusing on one thing and doing it well, instead of trying to do many things, none of them well.

Reading Profit First

The easiest way to increase profit is to cut expenses, not sell more. Take a look at all your yearly expenses and cut them by 10 percent. Cancel everything you don’t need to run efficiently and keep your customers happy. Then negotiate every remaining expense, except payroll.

Reading Profit First.

One of the biggest flaws of traditional accounting (sales minus expenses equals profit) is that it only focuses on the first two, and the profit is ignored. This is where the Profit First system comes in.