Is Your Profit and Loss Statement Rich or Poor?
Is Your Profit and Loss Statement Rich or Poor?
P stand for profits and profits are a good thing. Profits are the direct result of closing sales.
L stands for losses and losses are not a good thing. Losses are the direct result of not closing sales as well as poor management decisions regarding fixed operating expenditures.
Years ago I read a significant quotation that has been with me ever since.
“The true voyage of discovery is not seeking new landscapes, but seeing with new eyes.” Marcell Proust
What I learned from this simple statement is that to change my life I must change my filter or how I view life. In taking such action, I am now more inclined to look at the what ifs or the possibilities. I will no longer be guided by the limitations of past experiences that influence current and future choices.
Are you a possibility thinker? Do you embrace life looking at the what ifs? The authors of Blue Ocean Strategy probably provide one of the best examples of possibility thinking which is a great success strategy. By being a possibility thinker you are also probably a risk taker, someone who enjoys rocking the boat and truly in charge of your own destiny.
Or you are limitation thinker? Do you awaken each morning thinking about what is going to go wrong, limited by yesterday’s experiences? Has the negative conditioning from early childhood experience transferred itself into your adult life? By being a limitation thinker you are probably also someone who goes along with the crowd, complacent, willing to let life run you.
If you truly want to master success, now is the time to look at your P&L statement. Not the profit and loss one, but the possibilities and limitations statement. Start increasing your possibilities and decreasing your limitations. What you will find is that your successes will grow and isn’t that what you truly want?
Is Your Profit and Loss Statement Rich or Poor - To learn more about this author, visit Leanne Hoagland-Smith's Website.
Like this article? Share it with your friends
Many business people use their P&L statement to gauge their business activity including increasing sales to reducing costs. However, the P&L statement is far more for a select group of people.
P stand for profits and profits are a good thing. Profits are the direct result of closing sales.
L stands for losses and losses are not a good thing. Losses are the direct result of not closing sales as well as poor management decisions regarding fixed operating expenditures.
Years ago I read a significant quotation that has been with me ever since.
“The true voyage of discovery is not seeking new landscapes, but seeing with new eyes.” Marcell Proust
What I learned from this simple statement is that to change my life I must change my filter or how I view life. In taking such action, I am now more inclined to look at the what ifs or the possibilities. I will no longer be guided by the limitations of past experiences that influence current and future choices.
Are you a possibility thinker? Do you embrace life looking at the what ifs? The authors of Blue Ocean Strategy probably provide one of the best examples of possibility thinking which is a great success strategy. By being a possibility thinker you are also probably a risk taker, someone who enjoys rocking the boat and truly in charge of your own destiny.
Or you are limitation thinker? Do you awaken each morning thinking about what is going to go wrong, limited by yesterday’s experiences? Has the negative conditioning from early childhood experience transferred itself into your adult life? By being a limitation thinker you are probably also someone who goes along with the crowd, complacent, willing to let life run you.
If you truly want to master success, now is the time to look at your P&L statement. Not the profit and loss one, but the possibilities and limitations statement. Start increasing your possibilities and decreasing your limitations. What you will find is that your successes will grow and isn’t that what you truly want?
Is Your Profit and Loss Statement Rich or Poor - To learn more about this author, visit Leanne Hoagland-Smith's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
|||
Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 | |
|  |
Subscribe to Leanne's articles
 | |
|
|  |
 | |
|
| |
 | ||
 |
||
 |
||
 |
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
 |
 Networking Impacts Income Residual Income Mirror Marketing Making SEO Decisions Get Working Capital |
|
 | ||
 |
Guide To ERP Software
Business Management Software | |
 |
Fortune Hunters
CBC Entrepreneur TV | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
| ||||||||||
|
| ||||||||||
|
|
||||||||||