Eliminating Your Phantom Losses

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What are Phantom Losses?

• Revenues you could be earning if you put in the effort required.
• Opportunities for profits on which you’re currently missing out

Why are they important?

• They’re lowering your profits.
• You’d prioritize fixing any other revenue drain that you discovered, why not these?
• They’re prevalent in every part of your company.

How Do You Find Them?

• Use your pre-existing business knowledge and in-depth familiarity with your company.
• Take action.

Action is Everything

• You already have so many brilliant ideas, so act on them!
• Don’t be afraid to take risks.

Excuses, We’ve All Got Them

• Excuses are holding you back.
• Write a check, and delegate the less-important tasks to others, so you can focus on solving the big-picture problems.

Act Like the Owner

• Your responsibility is to yourself and the people who work for/with you.
• You have to step in to make the hard decisions and necessary changes.

Think Like a Buyer

• To earn the highest profits and valuation, you have to see your company as a buyer does.
• Maximizing profits and minimizing phantom losses increases productivity and value.
• An optimized company is the most profitable future investment.

Everyone Experiences It

• Every business owner experiences phantom losses at some point.
• Are you going to let them drag you down? Or are you taking action to fix them today?

The Exit Mindset is brought to you by Rem Oculee, founder of Confidence Wealth. All rights reserved.

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