Patents Assigned to Profit Boost, LLC
  • Patent number: 7389276
    Abstract: A method of determining pricing to ensure profitability for performance of a task by a business includes entry of employee data, business costs, job costs and business revenues; calculating a profit index factor from the data entered and providing ways of maximizing profit using the profit index factor as a baseline. The profit index factor is used as a baseline for performing analysis of operation profitability and performance; generating gross profit; and tracking profit on a job-by-job basis. The profit index factor is also used as a baseline for finding out how increasing operational expense will effect pricing; finding out increasing production staff will effect pricing; finding out how decreasing production staff will effect pricing; finding out the real burdened cost of billing one employee hour; and pricing service jobs to achieve or surpass a specific profit per hour target.
    Type: Grant
    Filed: September 15, 2004
    Date of Patent: June 17, 2008
    Assignee: Profit Boost, LLC
    Inventors: Keith Barnard, Thomas Tschetter, Thomas H. Good