Ensure Good Returns on Your Investment

Guest post by: Warren Coughlin
Become an Author

Free PDF Download
Bridging the Victory Gap The 6 Steps to Success Conclusion - By Warren Coughlin

Business is all about making a profit, so if your business strategies aren’t adding up to business profits, don’t do it, or do it differently.

To be a business – that is, ‘a commercial, profitable enterprise that works without you’ --your business must give a good return on investment plus a full wage for every hour you spend working in your business. You can then pay someone to do your job and the business profits are not affected.

The quote ‘if it doesn’t add up, don’t do it’ can be applied in all areas of your business. Advertising is a prime example. If an ad is run and does not get an immediate response, there is no point in keeping that ad running. It is wasting precious time and money. Change the ad or where it is running.

Increasing your team must also add up in dollars. Perhaps a business should consider setting training and operating systems in place so juniors can be hired to follow the systems, rather than hiring seniors who have the head knowledge of how it should be done. Alternately perhaps the business should look at new machinery or technology instead of more team members.

If you want to buy a business the figures also must add up – or have the potential to do so. Make a list of the criteria the business must fill and make sure this list is filled before you commit yourself. Many people buy into something believing it would fulfill their needs, to discover the figures were inaccurate or did not add up. If you are not sure, get help. Two heads are better than one, and prevention is better than cure.

A great idea when looking at a business is to check the industry average and see how your business compares. Given that four out of five businesses go broke in the first five years, you may want to be better than average.

Finally the bottom line where your figures must add up is in net profit margin. To get this figure a business must add all expenses, including an appropriate wage for all the hours put in the business, plus interest on the capital you put into the business. This will give your real margins.

‘If it doesn’t add up, don’t do it” must be applied regularly. Don’t wait until the end of the financial year to find if you have made a profit. Business is work, but it should also be fun

Learn Basic ROI Calculation

Investing Your Money in Financial Institutions

Forex Managed Accounts: 5 Reasons Why Your Financial Advisor Doesn’t Want You to Discover Them.

INVESTING IN TIMES OF UNCERTAINTY AND VOLATILITY - Part 4 OTHER IMPORTANT CONSIDERATIONS

INVESTING IN TIMES OF UNCERTAINTY AND VOLATILITY - Part 2 THE INVESTMENT DECISION AND CONSEQUENCES

GMROI – GMROF – GMROL : How To Make More With Less

Using Managed FX Accounts to Diversify Your Investments

Rates of Return: The Effects of Human Capital on Economic Development

VI. C. Institutional Quality: WHAT DETERMINES STOCK MARKET DEVELOPMENT IN AFRICA?

Normal distribution in binary options

How an Investment Company Will Help You Get Rich

Home Based Business Opportunity--Investing for Retirement and Financial Freedom

How do you find a franchise with great returns?

Your Unfiled Delinquent Tax Return Checklist: Stop the IRS Now and Avoid Steep Interest and Penalties from Accumulating

Forecasting the equity risk premium

Metrics of Social Media – Measuring the Investment and the Returns

What's Returns Have To Do With It?

What makes the UK housing market so attractive to foreign investors?

What to consider before franchising your business

Lease Equipment , or Buy Equipment – Let’s get Technical!

Home > Business-Coach > Warren Coughlin > Ensure Good Returns on Your Investment > Google +

Free PDF Download
Bridging the Victory Gap The 6 Steps to Success Conclusion - By Warren Coughlin

About the Author: Warren Coughlin

RSS for Warren's articles - Visit Warren's website
Warren Coughlin is the Canadian Coach of the Year with Action International and selected from the over 900 coaches internationally for a Global Action Man Award and a North American Action Man Award. His experience and his passion have allowed his clients to experience 300 and 400% growth, create stronger teams, reach for bigger dreams and gain skills they can use for as long as they run businesses. He is now challenging all Toronto area Entrepreneurs to double or triple your revenue (or more)! You get to enjoy that growth, receive a free vacation and here's the kicker - he's going to show you exactly how to do it! It’s only $50 to participate in the Bennett Gold Action Challenge, to learn techniques of growth, to participate in an ongoing teleseminar series, to receive tools for success and to have access to great additional learning and networking opportunities. If you really want to take your business to the next level, visit www.bennettgold.ca/challenge.
Click here to visit Warren's website.

More from Warren Coughlin
Bridging the Victory Gap The 6 Steps to Success Conclusion
Think Link
Do You Feel Like A Square Peg In A Round Hole
Goal Setting is SMART Business
Turning Visitors into Customers an Internet Strategy for Small Business

Share this article. Fund someone's dream.

Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Featured Blog

Iridium consulting Blog
By Colin Graves, Iridium Consulting

Ensure Good Returns on Your Investment

Related Articles

Related Forum Posts

Share this article. Fund someone's dream.


Name:
Email: