The New Profit First Formula Is Sales Minus Profit Equals Expenses

The old formula that's called GAP, it exists today. It's actually enforced by the SEC for public companies. And simply this, sales minus expenses equals profit. That's why they call profit the bottom line. In comes at the top, take out your expenses in between and profits the leftover. Profit is the leftover. It's an afterthought. At the end of the year, was there any money? I propose a new formula. The profit first formula is sales minus profit equals expenses.