Justin Koh’s latest article titled “How to Achieve the Profits that You always wanted in Your business” is reprinted here. [Read the Article]


Justin Koh’s latest article is reprinted here.

How to Achieve the Profits that You always wanted in Your business

Today, I want to share with you on how to achieve the Profit that you always wanted in your business. If you are ready, prepare a piece of paper and start writing.

1) First of all, you need a VISION of how much you want to earn per month or per year.

2) Then compute this formula. Amount X 3 = Your Actual Target Amount (Example: if you are aiming for $1000 per month, your actual target amount should be $1000 X 3 = $3000)

It is always better to set an amount bigger than what you have planned initially based on 2 simple reasons.

Reason #1 – You will aim higher and achieve more Reason #2 – If you fall short of your actual target, it won’t be far off the mark of your first target that you set.

3) Once you have your final figure, identify your Existing Profit Stream. (This is assuming that you own an existing business)

Example: Existing Profit Stream #1 – $500, Existing Profit Stream #2 – $500.

In this example, your existing profit stream is $500 + $500 = $1000. At the same time, it means that you need to earn an additional $3000 – $1000 = $2000 in order to reach your actual target amount.

4) Sit down and think. Can the additional $2000 come If you a) do more of what you are currently doing (example: increase the frequency of your mailing to your list) or

b) do better at what you are doing now? (Example: increase quality of graphic designing service for higher premium) Read the complete article…

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Justin Koh’s Blog

*IMNewswatch would like to thank Justin Koh for granting permission to reprint the latest article.

 

 

 

 

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