July 21, 2024
Hexavia Business Club
Business Career Life

Hexavian Laws of Business. (Law 19) The Law of Profitability.

Nigeria Mail Blast Letter 5

 

 

 

 

 

 

Profitability is the primary goal of all business ventures. Without profitability the business will not survive in the long run. So measuring current and past profitability and projecting future profitability is very important.

 

Is that really true?

 

Income Expenses Files Showing Budgeting And Bookkeeping

 

 

 

 

 

 

 

I agree that profit is very important for a business growth but without value there won’t be profit.

photodune-VALUE

 

 

 

 

 

 

 

A business that is just out there to make profit is no business. Good businesses solve problems and in solving problems they add value.

 

Business is what you set up to add value, profitably. If it’s not for free, then…MAKE WORTHY THE FEE. But, put value before profit.

profitability 005

 

 

 

 

 

How to determine profitability.

▪Calculate your company’s revenue.

▪Calculate your company’s expenses.

▪Subtract the costs from the revenue.

 

 

I hope it helps.

Reviewed by  Eizu Uwaoma and Victor Bella for Hexavia!
..and we are©Hexavia!
08035202891

 

Follow this link to the audio version of Law of Profitability: https://anchor.fm/lawsofbusiness/episodes/LAW-OF-PROFITABILITY-eheoq2

To download the complete Hexavian Laws of Business Audio Book, click on the link below:

Laws of Business Audio Book

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