How to Profitably Grow Your Business – Amazing Insights from Chris Arndt

New Episode ?? Chris Arndt describes himself as the entrepreneur’s CFO. His financial experience has helped countless companies to grow and has allowed entrepreneurs to meet their full potential. He provides entrepreneurs with what he calls a “foundation for awesome” supplying them with the tools and resources they need to realize their potential and meet their goals.

His words can help all entrepreneurs and business owners and include an array of tips and insights aimed at scaling businesses quickly, profitably, and properly, including:

? Upgrade Your Systems: Your technological infrastructure must grow with your brand. If you leave it behind, you’ll end up with systems that aren’t properly integrated and don’t work as effectively or efficiently as they should. In this day and age, tech is very important and should play an integral role in the growth of your business.

? Monitor and Track Data: Understand every single metric and data point and monitor how these change over time. Arndt recommends doing this at least once a quarter so that you can stay on top of price increases and market volatility, as we have seen recently with the cost of fuel and the difficulties associated with international shipping.

? Raise Capital the Right Way: There are many ways to raise capital but there is no one-size-fits-all solution. You could consider selling a share of your business or acquiring personal debt, but these options come with a number of downsides and should be considered closely before you make a decision.

? Continue to Deliver Value: Many businesses struggle to offer their customers value as they scale. They lose touch with the USPs that allowed them to grow in the first place. If you want to keep those customers and maintain your brand identity, it’s important to focus on delivering value and not just increasing your profits.

? Don’t Hire a CFO Until You Need One: A CFO can make a massive difference to your business, but they are also expensive and aren’t suitable for everyone.

?? Continue Reading … Full video interview available at?growthbysabir.com/home/scaling-profitably

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