The Difference Between Profits and Value
What are you going to do with the business and how can you pass it ![]()
And now you are in your 40s or 50s or 60s. The spouse wants more time off. The kids are entering adulthood. The adventure is, well, not as fun. Your energy level is down while competitive pressures and costs are up. And that notion of a nice retirement brings more anxious thoughts than hopeful ones. What are you going to do with the business and how can you pass it on?
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Build Your Company's LEGACY...Build Your Company's VALUE...
...a profitable business is not the same as a business with ![]()
No owner of a small business wakes up in the morning and says, "I want to build my company's value." You haven't either, right? What you and all the others say to yourself as you shower is, "I need to get in more revenue and profit. How can I get more money?"
The reality is - a profitable business is not the same as a business with value. A business may be profitable but have little value because all of the so-called-profits are used by the owner for living costs. To build real value you must develop significant profits from your business in excess of your needs. You can retire on a business that has built significant value. Your children can inherit a business with value. Most small business owners don't realize ... until it's too late that while their business is profitable, it has little value.
My name is Don Morrison.
I didn't come to that realization at Stanford University in any of my MBA courses. I didn't learn that acquiring my CPA or CMA certificates. I learned it from dozens of clients, all owners of small businesses. All kinds of very different businesses. All different, but I found the same patterns of anxiety and struggle in each one of those small businesses.As I saw those same patterns, it dawned on me that small, privately owned family businesses pass through distinct stages of life, much as a person grows from infancy to old age. And each stage was a special realization or event Actually, 12 distinct events. I developed these experiential learning events for my clients. I delivered them in person to the owners and management teams that I worked with. I've offered them as consulting engagements to others who were not my regular clients. As word of these events has spread, there has been a request for the information in a "do-it-yourself" format for small businesses everywhere.
Better than the Harvard Business School Executive ![]()
—R. Bergstrom
Your business. Your life. Your choice.
As a small business owner, you can learn these events the hard way, watching as you reach your 50s or 60s and wondering how you will ever retire on the business you built-and wondering if it will be enough. Or you can guide yourself through the events with help, like walking down the path of your business life with a guide to avoiding getting stuck or worse... Your business. Your life. Your choice.The workshop opened my eyes to the fallacy of focusing on sales vs. margin improvement, ROI and cash ![]()
—B. Norlie
My policy with every event is the same. When I consulted in person, I never cashed a check until the client said, "Ya, this is helping. Please cash my check." A 100% refund policy from a consultant is very rare. In my years of consulting, only one client asked for a refund. It's the same with your purchase. If you use The Profit Process at your business with your staff and you conclude it's not working, call me. I'll walk you through it. If you are still not satisfied, same refund policy as if I consulted on-site.

Learn How to Pass the Torch
From The Profit Process...
Dave was the archetypal inventor/entrepreneur. He could create anything from a pile of steel scrap and an acetylene torch. Over 25 years he started several businesses, all built around his creativity and skill with steel and machinery. But as a business manager he had difficulty balancing creativity and management...
The best business class I have ever taken. A ![]()
