The economic climate is getting more and more dangerous by the day. This past year and a half has proved to be one of the most volatile in decades. As business owners, we are experiencing some of the toughest challenges and market conditions. The pandemic has made everything more uncertain.
As we shifted into survival mode, a lot of business owners started putting their focus on the most essential part of business activities: cash flow management. And rightfully so.
Cash Flow IS the best insurance in business.
And yet, so many small businesses have failed at it over and over again.
Typically when we think about a business not getting their finances right, we think of a failing business. However, throughout the pandemic, many more businesses than expected were able to stay in business. Thankfully the PPP Loans and EIDL Loans have acted as bailouts from the government. But with inflation looming on the horizon, the government seems less and less likely to provide assistance in the future.
So what can you do as a business owner to ensure the longevity of your business? What can you do as a business owner to ensure you will earn millions of dollars?
I can guarantee you by the time you are done reading this article, you will know the exact answer to the million dollar question. Not only that, you will also have the confidence to continue operating your business knowing that you can grow it in a sustainable way no matter what market conditions that may come.
To be completely honest, what I’m about to share here isn’t a magic solution. There’s still going to be work involved, some of it you will like, and most of it you probably won’t like it. For those of you that implement it, you can expect great results within 3-6months.
Even if you don't know math well, learning and applying one formula will help you make MILLIONS OF DOLLARS.
Hint: The Formula is not Revenue - Expenses = Profit and your accountant definitely didn’t learn this in Accounting 101.
So the question you're probably asking yourself is...how do you make millions of dollars?