Profit is a reflection of business efficiency from "summary" of Profit First by Mike Michalowicz
Profit is not just about making money, it is about how efficiently you are running your business. If your expenses are high, your profit margins will be low. This means that you are not operating efficiently. To truly maximize your profit, you need to focus on increasing your efficiency in all areas of your business. When you are able to operate your business in a lean and efficient manner, you will see your profits increase. This is because you are able to do more with less. By cutting unnecessary expenses and streamlining your operations, you can improve your bottom line. One way to improve efficien...
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