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Business Networks Business Networks $100 Dollar Exercise $100 Dollar Exercise

on Profitabilityon Profitability

By Les CunninghamBy Les Cunningham

CGC, CR*, CCR, CGR*CGC, CR*, CCR, CGR*

http://www.businessnetworks.comhttp://www.businessnetworks.com*A NARI Certification*A NARI Certification

1800-525-10091800-525-1009

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Business Networks BeliefsBusiness Networks Beliefs

BN believes that the ownership of the BN believes that the ownership of the company should receive 10% of gross company should receive 10% of gross sales before taxes.sales before taxes.

BN also believes that the shareholders BN also believes that the shareholders of the company should receive 10% of of the company should receive 10% of gross sales before taxesgross sales before taxes

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You Star With $100You Star With $100

83 One Dollar Bills = $8383 One Dollar Bills = $83

A Roll of Quarters A Roll of Quarters = $10= $10 A Roll of Dimes A Roll of Dimes = $5= $5 A Roll of Nickels = $2A Roll of Nickels = $2

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Income StatementIncome Statement

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Accountant/BookkeeperAccountant/Bookkeeper

The Accountant/Bookkeeper will reads The Accountant/Bookkeeper will reads the percents starting with number 5 the percents starting with number 5 ending with 57.ending with 57.

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The Biggest Doubting The Biggest Doubting Thomas in the Company Thomas in the Company takes money by percent as takes money by percent as read to them and puts it in read to them and puts it in the trash. (i.e. line item 5 the trash. (i.e. line item 5 is 17%. They would take is 17%. They would take seventeen dollars and seventeen dollars and throw it in the trash can.)throw it in the trash can.)

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DiscussionDiscussion

Why is there a lack of profitability, and Why is there a lack of profitability, and critical need for the company to critical need for the company to develop a correct net profit.develop a correct net profit.