Profit & Expense Control
The most effective way to engineer profitability is to understand your true costs of allocating the correct overhead to your product or services.
Most business owners treat profit as a residual result, working hard all year long to bring in the most sales to pay the bills, then… HOPE and PRAY that at the end of the year there will be profits! This is called re-active profitability.
Smart Business Doctor treats PROFITS in a proactive way, not in a residual way. Not just hoping that something will be left over at year end. We treat PROFITS as the first line item of expense, whereby, profits are predictable and known on a daily basis– not just year end.
We believe profit should be engineered ahead of all other expenses and be considered the first expense to be set aside for the business owner to rely on each and every day, and NOT just at the end of the year.
My brothers and I were blown away by the (take charge) approach to solve our productivity problems. The attention to detail by the Smart Business Doctor staff, was more than we could have ever expected. Even my job description was changed, and I am working in the business, contributing in a much better way. The greatest benefit we received is that because our labor costs are much lower, we are more competitive with our bids and we have started to pick up more work and more customers. On behalf of our entire family, we appreciate all you have done.
When Smart Business Doctor first conducted the ‘Business Assessment’ I really did not think my business had very many problems, once I saw, the type of tools I was missing to track my financial status, it was a real eye opener as to, how far off track my business was. The Smart Business Doctor project director, who provided us with the systems and controls to help us take our company to a high level of professionalism and credibility was amazing. Their consult absolutely changed the morale and integrity of our office staff, and assisted in building a more trusting relationship with our bank…thank you, to all the Smart Business Doctor geniuses that saved my company.
Larry & Sylvia M.
Bottom line, Smart Business Doctor probably kept me from BIG TROUBLE, or saved me from multi-million dollar lawsuits, my business was totally out of control, I had so much liability exposure and I was running scared that I would never be able to get my arms around my problems. I had no systems in place and what money I was making, was totally, by mistake. Jeff, the Project Director taught me how to be a businessman, taught me how to take control of my business, taught me how to manage. Without him, who knows where I would be today. Smart Business Doctor is not cheap, but worth every penny I paid, and I receive a return on my dollar spent, every day.
When we considered bringing on Smart Business Doctor for advice, I was not quite sure that we could improve the bottom line at all. I was very worried about employee morale. I did not want to let any employees go or compromise are good status and great reputation. The management quickly saw issues from a different point of view. We would have never thought of these remedies. We are now able to continue as before, but with a much better profit margin.
The other side of obtaining a strong and predictable profit is to have your business designed to manage and control cost and expenses. Once your expenses are controlled, along with profit planning, your high PROFITS can be realized.
In having the right formula for engineering pre-planned profit, it allows the business owner to take a much more aggressive role in the marketplace with pricing and volume sales that will put your competition on their knees.