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WEBINAR

Proof of profit, explained

Michael Austin
Michael AustinBlue Dot Consulting Limited

Posted: Wed 14th May 2025

If you can prove your profit, then you can improve your profit!

Michael Austin of Blue Dot Consulting shares five steps for proving your business's actual profit and how to improve it so you can make even more from every sale.

Five simple steps to proof of profit:

  • Set your prices

  • Perform the service or deliver the product

  • Measure the costs of the sale and the profit

  • Whatever the answer, improve upon it if you can

  • Learn and repeat

Relevant resources

Michael Austin
Michael AustinBlue 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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