No, this isn’t about how to start your own farm or ranch. In fact, most of what I’m talking about, right now, is aimed at you only if you’re already running a profitable business. But, it’s also good information if you hope to have one of those cash cows you’ve heard so much about.
You HAVE heard of those cash cows. Right?
Those are the businesses that just seem to effortlessly bring in more than enough money for everyone involved. Like Amazon, Apple, Coke, and Google. Maybe you’ve heard of them?
And so-called cash cows don’t have to generate trillions of dollars. Good thing, right? Yeah, you could run a business with only thousands of dollars of regular profits and have your own “cow.”
And I saw a blurb about an accounting book that shows entrepreneurs how to “flip the formula” of business accounting. Here’s how it described the book…
“Conventional accounting uses the logical (albeit, flawed) formula: Sales – Expenses = Profit. The problem is, businesses are run by humans, and humans aren’t always logical.” And it went on to say how the author “has developed a behavioral approach to accounting to flip the formula: Sales – Profit = Expenses.”
Then it made the comparison of “the most effective weight loss strategy is to limit portions by using smaller plates.” It said the author show “that by taking profit first and apportioning only what remains for expenses, entrepreneurs will transform their businesses from cash-eating monsters to profitable cash cows.”
And the blurb included these bullet points:
- Following 4 simple principles can simplify accounting and make it easier to manage a profitable business by looking at bank account balances.
- A small, profitable business can be worth much more than a large business surviving on its top line.
- Businesses that attain early and sustained profitability have a better shot at achieving long-term growth.
The information I saw said the author includes “dozens of case studies, practical, step-by-step advice, and his signature sense of humor.”
It sounds like something definitely worth looking into. Because sometimes flipped formulas are just what the business doctor ordered.
And then again, the tried and true should never be stuffed into some dusty business closet. Especially when it has proved to help business owners ramp up their earnings from 5 figures to 6, and from 6 figures to 7. Which, by chance (NOT) my RondaReady System has done many times over.
And especially when the system has been neatly compiled into a book. My RondaReady Business Book is designed to help you first discover your Vision. And then to help you set up and RUN your own cash cows. Or whatever you prefer to call your business. Feel free to leave out the livestock.
By the way, my book is available on Amazon.
It’s not a $7.99 book you’ll toss into your unread files as you continue down the road to obscurity. And it’s an investment at $115 ($100 for the Kindle version). But it’s an investment that shouldn’t cost YOU anything at all, if you believe in yourself enough to follow through. And it won’t cost you a dime when you implement the steps and add more zeros in front of your business’s decimal point.
Yeah, that all starts with your Vision.
So, use this link to get yourself a copy on Amazon, and get Ready to build a cow…uh, business…better and faster. Then, maybe you’ll have to go get that accounting book and flip your formula, too.
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