money found by Steve Wilkinghoff is a guide to help small business owners discover the hidden profits and cash flow in their businesses. Brief and to the point, Wilkinghoff doesn’t mince words about exactly what it takes to run a profitable company.
Wilkinghoff is a former accountant who has distilled the essence of running a small business into the Found Money Formula. The formula provides small business owners with proven and effective strategies for uncovering the hidden profits and cash flow in their businesses. It teaches entrepreneurs what they need to focus on to ensure they prosper rather than just earning enough to get by.
The found money formula has business owners focusing on the three key elements that every business, every product, every service, and every customer must have in order for their business to truly make money.
This is called the triple overlap and effective management of these three key elements allows entrepreneurs to take charge and propel their business towards profitability. It gives business owners real control over their business instead of the business controlling them.
Wilkinghoff also introduces the concept of customer profitability mapping, a graphical method that instantly shows you which customers to focus on to drive higher profitability, not just sales.
Found Money Breakeven is a method where you decide what financial result you want from your business and what it takes to get there. Pricing Boot Camp teaches business owners how to set prices with purpose while describing the benefits of doing so.
Wilkinghoff, has helped hundreds of businesses reach their full potential during his 16 years as a consultant and this experience is evident in this book as he points out the common misunderstandings and mistakes business owners make as they struggle to make their business successful. business is profitable.
Pointing out the pitfalls is essential to ensure faster business success for your business without making the same mistakes that many others have made on the road to profitability.
While the book is geared toward existing business owners looking for cash flow and profitability improvements, I highly recommend this book to any entrepreneur about to launch their business. It’s much better to employ this approach early on rather than stumble around for two or three years. By then it could be too late.
Posted by wiley, Found Money: Simple Strategies for Uncovering the Hidden Profits and Cash Flow in Your Business by Steve Wilkinghoff, is definitely a small business book that needs to be on your shelves to read, implement, and read again. Definitely a keeper.
