For the longest time, we were concerned about our future and thought we could improve our results on our own. Then we realized that we needed help. Since working with Profitable Wisdom, we enjoy working on our business again and feel a sense of peace and calm about our future. Profitable Wisdom has helped us to increase profits, grow our personal savings and plan a transition that is right for us.
~ Jo Anne & Bill Leyburne
Questions & Answers
A business owner once told me that she asked her Accountant how to increase business’ profits. The accountant replied: “Increase revenue.” Many business owners believe that you must increase sales and revenue to make more money. However, there are many other ways to improve profitability.
A better way to increase profits is to increase profit margins…
In a recent release of findings from an ongoing research effort being conducted by Pinnacle Equity Solutions, Inc., a national leader in the emerging field of exit planning, it was revealed that 57% of business owners who are considering a future exit from their privately-held business currently have both a Low Financial Readiness as well as a Low Mental Readiness for an exit. Pinnacle categorizes these owners as Stay and Grow business owners and this article discusses these findings and provides insights for owners of privately-held businesses to learn whether or not you fit this description and, if so, what you can do to improve your chances of a future, successful exit.