The Small Business School Podcast
Understanding Your Profit Patterns
Welcome back to Small Business School! I'm thrilled about today's episode because we're diving deep into the heart of your business: Profit. Don’t ignore this episode because you think you know what profit is! Stay with me, it’s more than crunching numbers; it's understanding the patterns and relationships between!
Topics Covered:
- Profit isn't just about revenue and expenses; it's understanding the relationships and patterns between them. It's not just the 'what,' but the 'how' and 'why.'
- Expenses aren't just a lump sum. They fall into two categories: the cost of goods linked to your product/service and overhead, and the recurring expenses that happen no matter what.
- The importance of strategic decision-making. Whether it's managing overhead, understanding variable expenses, or choosing high volume vs. high margin, it's important to make informed decisions for sustainable profit.
- If you're in the service game, it's not just about delivering—it's about delivering at a profit.
Profit is more than a numbers game! If you have questions about navigating your business’ margins and understanding the patterns, reach out to me on Instagram, I’d love to connect!
Staci's Links:
Instagram. Website.
The School for Small Business Podcast is a proud member of the Female Alliance Media.
To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.
Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!
Welcome back to Small Business School! I'm thrilled about today's episode because we're diving deep into the heart of your business: Profit. Don’t ignore this episode because you think you know what profit is! Stay with me, it’s more than crunching numbers; it's understanding the patterns and relationships between!
Topics Covered:
- Profit isn't just about revenue and expenses; it's understanding the relationships and patterns between them. It's not just the 'what,' but the 'how' and 'why.'
- Expenses aren't just a lump sum. They fall into two categories: the cost of goods linked to your product/service and overhead, and the recurring expenses that happen no matter what.
- The importance of strategic decision-making. Whether it's managing overhead, understanding variable expenses, or choosing high volume vs. high margin, it's important to make informed decisions for sustainable profit.
- If you're in the service game, it's not just about delivering—it's about delivering at a profit.
Profit is more than a numbers game! If you have questions about navigating your business’ margins and understanding the patterns, reach out to me on Instagram, I’d love to connect!
Staci's Links:
Instagram. Website.
The School for Small Business Podcast is a proud member of the Female Alliance Media.
To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.
Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!