Net Profit Archives - Business RadioX ®

North Fulton Studio

Profitability and Viability, with Bill McDermott, Host of ProfitSense

00:00 /

Profitability and Viability, with Bill McDermott, Host of ProfitSense

In this commentary from a recent episode of ProfitSense, Bill McDermott highlights the relationship between profitability and viability and how these key performance indicators impact a business.

Bill’s commentary was taken from this episode of ProfitSense.

ProfitSense with Bill McDermott is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

About ProfitSense and Your Host, Bill McDermott

ProfitSense with Bill McDermott dives into the stories behind some of Atlanta’s successful businesses and owners and the professionals that advise them. This show helps local business leaders get the word out about the important work they’re doing to serve their market, their community, and their profession. The show is presented by McDermott Financial Solutions. McDermott Financial helps business owners improve cash flow and profitability, find financing, break through barriers to expansion, and financially prepare to exit their business. The show archive can be found at profitsenseradio.com.

Bill McDermott is the Founder and CEO of McDermott Financial Solutions. When business owners want to increase their profitability, they don’t have the expertise to know where to start or what to do. Bill leverages his knowledge and relationships from 32 years as a banker to identify the hurdles getting in the way and create a plan to deliver profitability they never thought possible.

Bill currently serves as Treasurer for the Atlanta Executive Forum and has held previous positions as a board member for the Kennesaw State University Entrepreneurship Center and Gwinnett Habitat for Humanity and Treasurer for CEO NetWeavers. Bill is a graduate of Wake Forest University and he and his wife, Martha have called Atlanta home for over 40 years. Outside of work, Bill enjoys golf, traveling, and gardening.

Connect with Bill on LinkedIn and Twitter and follow McDermott Financial Solutions on LinkedIn.

Profitability Revolution Paradigm

This week we hosted Ruth King, CEO/Founder of Profitability Revolution Paradigm, a New Media, internet-based TV station in the Atlanta area. The focus of the content, which now runs 24/7/365, is on information that will help business owners better manage their small businesses and achieve maximum profitability. Ruth, who has started and built at least 7 businesses over the last 30 years, shared common mistakes and misperceptions business owners have that can leave them blind to the true financial status of their companies. One of these mistakes occurs when business owners don’t review their balance sheet each month to insure data is correctly entered and key financial indicators are showing positive trends. By performing this simple procedure, which literally takes minutes, the entrepreneur can identify negative trends or opportunities to improve efficiencies that lead to greater profitability.

Ruth talked about her book, The Courage to Be Profitable, published in 2013. In her book she shows entrepreneurs the activities they should make routine that will take them ~30 mins./month that will make them better able to make decisions about their business. She covers the difference between cash and profits, talks about important ratios found on the Profit & Loss sheet or Balance sheet that indicate the health of the business, and many other important factors that a business own can benefit from knowing about. Ruth shared some descriptions of the types of shows airing on the network as well as the subscription-based instructional content available on their site, profitabilityrevolution.com.

Special Guest:

Ruth King, CEO/Founder of Profitability Revolution Paradigm