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Proof of profit

Proof of profit
Michael Austin
Michael Austin
Founder and MD
Blue Dot Consulting Limited

How do you know you're making the profit on each sale that you think you are?

It's not unusual for a business to leak a bit of profit here and there and sometimes to do a little better than expected. But - over a period of time you really need to know that you're making the profit on each sale, each product / service, each customer that you think you are.

We call it proof of profit.
 
Michael Austin
Michael Austin
Founder and MD
Blue Dot Consulting Limited
 
I work with the MDs of SME businesses and help them improve profitability and cashflow through common sense financial management. I focus on the following areas: profit improvement cashflow good bookkeeping understandable financial information embracing useful technology Get these right and you have a good foundation to grow profitably in the future. I'm the founder and MD of Blue Dot Consulting Limited, a chartered accountancy practice in South West London which I set up around the turn of the century. I've never hired colleagues who have only worked in accountancy firms, preferring the real-world experience of finance profesionals who have worked in real businesses - perhaps like yours. Much of what I've seen and learned over the years is reflected in my blog. You won't find much that's typical accountanty stuff on there - but you might find one or two things that are helpful.
 

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