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Episode 42: Stop Losing Money
Manage episode 482824401 series 3554900
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In this episode of the Ranch and Table Podcast, hosted by Lee Wells, the key topic is about understanding the importance of maintaining consistent business hours to maximize profits and build customer trust. Lee reflects on the common issue of businesses unknowingly losing money when they close early or open late, emphasizing that fixed costs remain constant regardless of such decisions. Lee shares personal experiences and examples to demonstrate how being open during stated hours, even during slow or inclement weather days, can significantly contribute to building customer confidence and ensuring steady income. He urges business owners to seriously consider their operational hours and think through ways to avoid unintentional financial losses.
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