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Scaling Smarter: 3 Profit-Boosting Moves for Waste Business Owners
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In episode 2 of Waste To Wealth, Michael McCall discusses three simple strategies designed to increase cash flow without the need for longer working hours.
Tune in to discover how to build a well-structured business that works for you and allows you to fulfill your dreams.
TIMESTAMPS
[00:02:24] Business ownership vs. personal freedom.
[00:03:49] Pricing and cashflow mistakes.
[00:08:46] Raising prices to improve profit.
[00:12:11] Competing on value, not price.
[00:16:17] Volume-based pricing strategies.
[00:18:25] Growing at the right pace.
[00:22:32] Pricing strategies for profitability.
[00:25:12] Pricing strategies for business success.
[00:29:05] Buying equipment you don't need.
QUOTES
- "Stop competing on price, start competing on value. Because if they're happy with your service, they're going to understand you have to raise prices."
- "Don't be in a rush to go into debt or to future you up for financial heartbreak by committing cash to an asset till you're ready. And you know you're ready when you've got everything lined up and you make your first sale."
SOCIAL MEDIA LINKS
Michael McCall
Instagram: https://www.instagram.com/buffalo.finances.cpa/
Facebook: https://www.facebook.com/BuffalofinanceNC/
LinkedIn: https://www.linkedin.com/in/michael-d-mccall-03667714/
WEBSITE
Buffalo Finances: https://buffalofinances.com/
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