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Get Your Business to Work!: 7 Steps to Earning More, Working Less and Living the Life You Want by George Hedley

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step 7
Build Equity and Wealth Systems!
Ask fifty business owners what a perfect business would be like for them and you’ll likely get forty-nine different answers. But one common focus will stand out:
Business owners want their business to create equity and build wealth!
What does this mean? Well, let’s define a few terms so we’re all on the same page:
PROFIT is what’s left over after all costs, direct and indirect, are deducted from the sales revenue of a business. More formally, it is financial gain resulting from the use of invested capital or equity in a transaction or business. It is the net revenue flowing from a business, property, or investment.
EQUITY is the value of a business, investment, or property net of all amounts owed against ...

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