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Ep 99 - What Profitability Really Means for Small Business Owners
Manage episode 486633255 series 3491740
Content provided by Donna Dube, Donna Dube | Certified Director of Operations, Business Growth Strategist for Coaches, and Service Providers. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Donna Dube, Donna Dube | Certified Director of Operations, Business Growth Strategist for Coaches, and Service Providers or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
When you hear the word "profit," do you think of a distant goal that will come true someday when you finally hit that dream revenue milestone? For many small business owners, profitability feels like a moving target or a confusing mystery. From my work behind the scenes as a business strategist, I know that profit tells much more of the story than revenue. A business making $500K a year with slim margins might be less profitable—and more stressful—than a business bringing in $150K with lean operations and strong systems. Today, we’ll walk through what profitability actually means, how to measure it in simple terms, and most importantly—how to increase profitability of a small business in ways that don’t require more hours or hustle. This is one of the most powerful things you can do to create a sustainable business.
Want help figuring out what to pay yourself and how to increase your take-home income? Grab the free Get Paid Like a CEO resource—it walks you through exactly how to make those numbers work for you. https://productivityplus.thrivecart.com/get-paid-toolkit
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