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The Profit Mentality: The Method for Making Every Decision a Profitable Success

Parrish, Fred

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ISBN 10: 0976778106 / ISBN 13: 9780976778103
Published by The Profit Institute
Used Condition: Good Soft cover
From Central Kentucky Book Supply, LLC (Nicholasville, KY, U.S.A.)

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Title: The Profit Mentality: The Method for Making ...

Publisher: The Profit Institute


Book Condition:Good

About this title


Everyone makes decisions based on the formal training they may have obtained combined with their cumulative experiences over time. In fact, there are certain lessons that cannot be truly learned without actually having lived through the issues first hand. The services offered by The Profit Institute are intended to augment that process by adding a level of financial sophistication to your company without the usual pain and suffering associated with studying financial subjects. By grounding the decisions of each person in the organization with a solid profit oriented frame of reference, you significantly improve the odds of avoiding the decision traps that exist in every business environment. Without this grounding many actions could very well be based on largely arbitrary and often unfounded logic that carries with it the potential for disaster. The question is "how will you know the difference?" If followed diligently, The Profit Mentality processes will provide the anchor required in developing those frames of reference necessary to better ensure actions are taken for the right reasons and not as the result of certain flawed behavioral patterns that can be as varied as the individuals in the organization. In order to fully leverage this process, every staff member must be trained in profit management to ensure each decision, whether made at the management or front-line operating levels, will be based on sound financial management techniques and in the proper context. The odds of success increase exponentially when decisions in the organization are made with this approach. Applied operational finance is a very powerful tool when the proper dynamics are in place. The manager's ability to run the business by the appropriate numbers is crucial to the successful operation of any business.

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