The “Magic Profit Formula” Podcast
Every business owner wants to generate more cash and profits. They don’t know where to start and grow increasingly frustrated. It is hard to see the forest for the trees when you are in the middle of the forest. The “Magic Profit Formula” is a process that lifts the business owner above the forest so they can look down and see where the opportunities for improving their business exists.
The “Formula” has proven to help many business owners transform their business into cash-generating profit machines. It involves breaking the business down into individual steps such as lead generation, sales conversion, average sales size, gross profits, overhead and net profits. Each step is then analyzed one at a time to determine strategies to improve the performance of that step by 10%. The compounded effect of improving each step by 10% can increase profits by 71% or more.
In Episode 5, The Magic Profit Formula, Tony Malyk, the author of Leaky Bucket of Profits, explains the formula and how to apply it to virtually any business.