“From the beginning, I organized my business, USI, around 10 core profit principles. I call these principles The Ten Commandments of Startup Profit. By factoring profit into every business decision, USI generated a 20 percent operating profit margin, while growing our revenues at a 40 percent compounded annual rate,” Ed Maclaughlin said.
McLaughlin is the founder & CEO of Blue Sunsets LLC, a real estate and angel investment firm based in Darien, Conn. He also founded and served as chairman & CEO of United Systems Integrators Corporation, a corporate real estate outsourcing firm, sold to Johnson Controls in 2005. Last year he and Wyn Lydecker wrote, “The Purpose is Profit.”
He said an entrepreneur can, “use this concentrated list of profit principles to benchmark your business and its potential for generating profit. Understanding these profit principles and applying them to your business can increase the probability of your long-term success and improve your returns along the way.”
McLaughlin is offering Lioness readers the free download, “The Ten Commandments of Startup Profits.”