Who among us has enough Profit & Ability?
“Profit” is the best indicator of whether an organization is operating effectively and according to plan. No one plans to fail. Even a non-profit, or a family, can not afford to ignore the bottom line, it is what will carry you securely into future years and maybe even bright new buildings or homes someday. More Profit opens doors to additional funding sources, lines of credit and loans because is shows you have money management skill too.
“Ability”, or having an appropriate professional team at your side, is a proven success factor! You must surround yourself with the best possible people available, or your competitors will… and you will end up chasing their tails and revenue sources, and possibly trying to recruit from them too. Lack of talent and ’Ability’ almost always equates to less power, lost profit and missed opportunities for success.
So what do you need to succeed with speed… or jump to the next level? A sharp CFO/CEO/Executive Director, a Board of Advisors &/or accountability partner/s with an eye for profitability. And, an excellent resource for professional talent and ability ‘on-demand’ (or in a crisis when a key player is unavailable). For profitability, accounting resources are key, this is why Interim CFO and Interim Controller resources are so hot!
This isn’t just a self-serving sales pitch blog posting… its a concept that’s been around for thousands of years, since the ‘parable of the talents’! This is your call to action! Go beyond that Budget vs. Actual ‘ and ‘after the fact’ Revenue and Expense financial analysis. Give yourself a gut check!
Are you in a position of trust? Are you doing all you can to achieve maximum profit-ability? What did you do about it today? Think about it…
How would you define ‘Profit’? Perhaps the ability to take in revenue, reward yourself and your staff with fair compensation, pay bills and in the end, having something left over so that you can spread the blessings around and/or multiply the success of all who believed in you?
How would you define “Ability”? Perhaps someone who has already demonstrated a talent at a level slightly higher than the level your organization is at currently? Or someone who can re-energize your team and help them see things from an entirely new point of view?
Let me know if I am reaching you… “Thinking or Reading about Profit-Ability” isn’t enough. You must put something in motion to gain momentum, why not begin a conversation by commenting on this blog post…
All the Best! Kim Miller, CPA
www.kimmillercpa.com (download a Free Guide to jump starting cash flow, then customize it for your team!) located in Satellite Beach, FL 32937