Every business owner starts a business to make profits. "Are there ways to accelerate it?" is a common question founders have asked me. The answer is Yes, there are. Precisely, that's what we are going to talk in this video. This is a recording of the webinar dated 28 Sep 2018

1. Webinar on
Creating & Maximizing Profits
for your business
Webinar on
Creating & Maximizing Profits
for your business
Starting Shortly. Please make sure you have your speaker Enabled !
Join via your
Computer’s Audio
Join via your
Computer’s Audio

2. Broadcast Mode

3. Broadcast Mode
Join via your Computer’s
Audio
Join via your Computer’s
Audio

4. Welcome all Participants !
Creating & Maximizing Profits
for your business
Welcome all Participants !
Creating & Maximizing Profits
for your business

5. We help our clients grow by offering Payroll, Taxation,
Accounting and Compliance solutions.
Through our solutions, our clients focus on their
business, experience improved employee experience,
better operational efficiency and long term cost
benefits.
5 Products | 145+ Clients | 10 Years
Down to Today’s Business

7. • 30 Mins – Form 16 Compliance – Why, When, How
• 15 Mins – Process and Systems to be Implemented
• 40 Mins – Key Questions, Audience Interaction, Peer to Peer
discussions.
Down to Today’s Business

8. Profitability is the sovereign
criterion of the enterprise
Peter Drucker

9. With Profits, we can
Create
Employment

10. With Profits, we can
Create
Wealth

11. With Profits, we can
Create
Intellectual Property

12. With Profits, we can
Create
Solutions to
Complex
Problems

13. With Profits, we can
Centric
Customer

14. With Profits, we can
Undertake
Research

15. With Profits, we can
Franchise
Expand

16. Hence
Extremely Important

17. ~ 8% On Investor Money
~ 92% On Profits

18. Your Choice?

20. The Old Vs NewThe Old Vs New

21. Sales – Expenses = Profits
Sales – Profits = Expenses
Inspired by Mike

22. Psychological
and
Logical
The Change is both

23. The way we give importance
Left to Right

24. The way we give importance
Least
Important
Most
Important

25. Least
Important
Most
Important
Sales – Expenses = Profits
The way it currently is

26. The way it should be
Least
Important
Most
Important
Sales – Profits = Expenses

27. The toothpaste

28. The toothpaste
?

29. The toothpaste

30. The toothpaste

31. The toothpaste
OPTIMIZE & INNOVATE SAME /
SIMILAR RESULT

32. When we can for our toothpaste
Why not for our business ?

33. TYPICAL APPROACH
Sales
Cost of Goods Sold (Reduce)
Operating Expenses (Reduce)
Indirect Expenses (Reduce)
Tax (Reduce)
Owner’s Compensation (Reduce)
Profits Whatever remains

34. THE PROFIT FIRST APPROACH
Sales
Profits Fix
Owner’s Compensation Fix
Tax Fix
BALANCE  Determine
Cost of Goods Sold (Reduce from Balance)
Operating Expenses (Reduce from Balance)
Indirect Expenses (Reduce from Balance)

35. THE PROFIT FIRST APPROACH
Sales
Profits Fix
Owner’s Compensation Fix
Tax Fix
BALANCE  Determine
Cost of Goods Sold (Reduce from Balance)
Operating Expenses (Reduce from Balance)
Indirect Expenses (Reduce from Balance)

36. An Example
Sales Profit
Available for
Expenditure
100 1 99
5,00,000 5,000 4,95,000
10,00,000 10,000 9,90,000

37. Making Profits is less about
Decreasing Expenses

38. Making Profits is less about
Cutting costs

39. Making Profits is more about
Your Behaviour

40. Making Profits is more about
Your habits to remain profitable

41. Making Profits is more about
Innovation

42. Making Profits is more about
Productivity

43. Making Profits is MOST about
Profits First Culture

44. Step 1 – Fix your Profit %
Step 2 – Move it out
Step 3 – Then, Pay your bills
Step 4 – Innovate to Increase
your Profit % and repeat Step 2
to 4
In a Nutshell

45. A General Practitioner
Vs A Heart Specialist
The Importance of doing 1 thing really well

46. Should we sacrifice Growth for
Profits ?

47. Broadcast Mode

48. http://bit.ly/Linkmenow
with a Capital “L”
www.relativity.co.in

49. www.relativity.co.in
LEARNING GROUP :
PEER TO PEER LEARNING
ELECTRONIC, HENCE ACCESSIBLE ANYTIME
MODERATED
ONLY LIKE MINDED PROFESSIONALS

50. We
Love
Clients
Colleagues
Technology
Truth & Integrity
Performance
Wisdom
TAX Compliance

51. Thank You
TAX Compliance

52. www.relativity.co.in
http://bit.ly/akashvm
avm@relativity.co.in
@akash_vm
Cheers !
Business Finance Specialist, Personal Tax Expert,
Avid Traveller (9% of the world).
CFP®, CPA®