Profit Tools
Valuable free tools for increasing profit in your business. Check back soon for new releases!
Tool #1 – Financial Reporting Formats – (released)
Referenced on page 12 of Simple Numbers, Straight Talk, Big Profits!
Note from Greg: This file shows the Profit & Loss statement format that we want to see at the top level for all our clients. From the concepts in my book and subsequent articles, it addresses the issue that your primary focus should be gross profit, not revenue. By filtering out cost of goods sold that are not labor, you get to see the true top line number for your business. The next key is to segregate Direct Labor from all other labor so you can calculate Direct LER (Labor Efficiency Ratio) and Management LER. The power of the LER calculations is to know how much productivity you should get for each type of labor dollar spent. For a more in depth discussion of the topic, see the white paper I wrote called The Best Team Money Can Buy.
Tool #2 – Tax Calculation Template for S Corp & LLCs – (released)
Referenced on page 75 of Simple Numbers, Straight Talk, Big Profits!
Note from Greg: You can use this tool to do a quick “Accrual to Cash Basis” conversion to calculate how much in estimated taxes you should distribute to the shareholders each quarter. There are separate tabs for each quarter’s calculation. This allows you to manage your business data on the accrual basis, and yet keep an eye out for taxes on the cash basis and decide quarter to quarter how much to either pay in or set aside.
Tool #3 – CRB Culture Document – (released)
Referenced on page 82 of Simple Numbers, Straight Talk, Big Profits!
Tool #4 – Executive Incentive Plan Template – release date TBD
Referenced on page 92 of Simple Numbers, Straight Talk, Big Profits!
Tool #5 – Labor Productivity Report (Weekly/MTD/YTD) – (released)
Referenced on page 117 of Simple Numbers, Straight Talk, Big Profits!
Note from Greg: This template shows you the basic format and formulas you need to track labor efficiency by week, by month, and by year-to-date.
Tool #6 – Daily/Weekly/Monthly Reports You Should Be Watching – release date TBD
Referenced on page 126 of Simple Numbers, Straight Talk, Big Profits!
Tool #7 – CF Model Example – (released)
Referenced on page 162 of Simple Numbers, Straight Talk, Big Profits! The blank version is also available here: CF Model Example – blank
Tool #8 – PL Comparison Template-history vs forecast – (released)
This tool replaces the Advanced Cash Flow Model referenced on page 169 of Simple Numbers, Straight Talk, Big Profits! The blank version is also available here: PL Comparison Template-history vs forecast – blank
