By: Ruth King Despite my warnings, one of my clients had to get to $2 million in revenues…no matter what. He had it in his head that he had to have a company that was generating at least $2 million a year. The reason? He couldn’t give me one. This was not good. My…
By: Ruth King These activities focus on billable hours or revenue producing hours. Customers write your paychecks. Your team members who produce your products and services are billable, i.e. revenue producing. Here are profitability ideas for increasing billable hours. #1 – Know your productivity ratio You must know where you are starting before…
By Ruth King. I received this question from a client: Lets say you have a loan you are repaying. $10,000 total – $9,000 to principal and $1,000 to interest. The only thing that shows on your P&L is the interest. The principal is reduced on the balance sheet. But if you managing the…
FROM THE PRICE OF BUSINESS, Media Partner of This Website Recently Kevin Price, Host of the Price of Business show and editor on this website, interviewed Ruth King, who is known as the “Profitability Master” at her company, Profitability Revolution. That company specializes in helping make sure small business stay on a profitable course through important educational…