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Last week, I shared a case study on my Instagram of two clients that have the same amount of revenue and wildly different gross profit margins. In this episode, I’m diving deeper into what was holding one of them back from boosting profit, how we plan to get them to healthy and abundant profit margins, and how you can apply those same strategies in your business.
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Links mentioned:
Listen to Ep. 50: Creating Highly Profitable Offers | Profit Series Pt. 1
In this episode, you'll learn:
0:00 How a non-strategic financial team might be hurting your profitability
4:53 The clients’ numbers + how to find your gross profit
14:56 The #1 driver of gross profit: pricing your offers
21:31 The #1 driver of gross profit: managing your team
26:40 More resources to help you increase gross profit
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I’m Sarah Young - a CPA, Virtual CFO, and the Owner of Young + Co! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, and I started the Profit + Prosper podcast to help you do the same. Profit + Prosper is a business finance podcast created to help entrepreneurs build their wealth in a way that’s fun and empowering. This is NOT a boring numbers podcast - I share tactical tips to increase your profit so you can truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
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