Total Income Minus the Cost, or TIMC, is a business term used to measure economic performance. It’s calculated by finding the total income earned in a given period, then subtracting all associated costs – such as expenses, taxes, and labor – to arrive at a net profit. It’s considered one of the most important metrics used to assess an enterprise’s financial health, so it’s essential that business owners ensure their TIMC is positive in order to stay afloat. While it’s not glamorous, TIMC holds the key to success for any organization looking to make it in the competitive world of business.