This formula saves businesses

In today’s email (994 Words | 4 Min 4 Sec read):

Today’s Read

Overview

Greg Crabtree’s Simple Numbers, Straight Talk, Big Profits! cuts through the complexity of small business finances. The book isn’t about dry accounting principles—it’s a hands-on guide to making your business profitable.

It’s like having a no-nonsense mentor who explains the numbers without fluff. Let's break it down. Get the book here.

Start with Simplicity

Crabtree’s first rule: Keep it simple.

Most business owners get lost in overly detailed spreadsheets and complex financial models. But according to Crabtree:

His solution? Focus only on the essentials:

• Profit margin: Are you keeping enough of what you earn?

• Labor efficiency: Are your people creating value, or are you overspending?

• Debt levels: Are you relying on debt to stay afloat?

Example:
A bakery client of his was tracking 15 metrics every month but wasn’t profitable. Crabtree told them to focus on just profit and labor efficiency. Within months, they turned a profit.