Know Your Profit Game Today: The Deeper Dive.
Gary McKinsey, Business Growth and Marketing Coach.
Working with you to avoid expensive mistakes, so that you can focus on attracting your ideal clients, and accelerate the growth of your business.
?If you're eyeing growth, the first stop is your current financial playground. Examine each of your offerings and ask the following questions:
1. Product/Service Price: What's the asking price?
2. Cost of Goods/Services: What's your out-of-pocket for each?
3. Profit Margin: What's left after expenses?
4. Volume: How many are flying off the shelves?
Quick Win: Jot down where you think your biggest profits are coming from and the profit margin.
Why It Matters: Having these numbers handy helps you pinpoint where to trim costs or increase your prices. It's a game-changer for you and your team, who benefit from a more stable work environment.
?The Fun and Not-So-Fun Parts: The Whole Picture
??Running a business isn't just about dollars; it's also about your happiness and that of your team. Dive into your current offerings to find out:
Quick Win: Take a moment and write down what you enjoy and what stresses you in your current offers.
Why It Matters: When you love what you do, the quality shines through, and that vibe trickles down to your team and your family. It's a win-win for the business and the home front.
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Action Steps to Get Rolling:
v?Profit Scan:
List all your current offers. Note down the price, cost, and profit for each.
v?Joy & Pain Points:
Mark what you love doing and what's draining you.
v?Team & Family Pulse:
Get feedback from your employees and family on what's working and what's not.
?Your Move, Your Moment
?Now that you've got a strategy, it's time to take action.
?Don't let this be another article you read and forget; make it the one that changes your game.
We want to hear from you!
Reply with your biggest "Aha!" moment or the first action step you will tackle.
Your insights could fuel someone else to kick their business into high gear.
So go ahead, seize your moment, and share it.