Do you know what you should be focusing on to make your business more profitable?
We’ve had conversations with many clients during these challenging times. While some businesses are booming, others are taking a hit in sales. But the one thing that seems to be on everyone’s mind is profitability.
In this episode, we set the framework for our entire Profit Series. Whether or not your business is thriving during this time, we share the five-step process of creating a roadmap you can use for profitable growth.
Episode Highlights:
- 4:52 The decision you have to make about the metrics you keep in focus
- 6:19 How do you define profit?
- 9:12 What it means to set a profitability goal and how it differs in different industries
- 14:53 How to set a capitalization goal
- 17:55 What is a salary cap?
- 21:25 How to manage salary caps
- 25:03 The three levers to drive profitable growth
Links and Resources:
- Book: Profit First by Mike Michalowicz
- Boredwalk Tshirts
- @a_brawn on Twitter
- @andrewfoxwell on Twitter
- Brand Growth Experts
- Foxwell Digital
- Review or subscribe on iTunes
Are you ready to hit 7-figures and unlock massive profit in your eComm business in the next 12 months?
If you want to scale up fast, while remaining profitable, we can help. We’ve worked with hundreds of early-stage eComm owners to pour the fuel on their businesses and level up from 6-figures to unstoppable 7-figure success.
This isn’t just getting you set up with the latest FB ads strategy or email marketing. We’ll help you see the big picture on how you can build and scale a profitable company with the right systems in place.
Are you ready to make your first million? Click here and LET’S GO!
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