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Podcast: Business Growth Podcast
Episode: 325. How to Increase Profitability As A Product Based Business Owner
Description: LISTEN TO THIS EPISODE IF YOU ARE STRUGGLING WITH PROFITABILITY IN YOUR BUSINESSProfit is the most important metric in your business. Revenue is great, but if your profit margins are tiny, you’re basically running an expensive hobby. You might be making $2M, but if you’re only keeping $50K… is it really worth it?In this episode, we’re breaking down the biggest profitability mistakes business owners make, like not knowing their cost of goods sold (COGS), underpricing, or ignoring inefficiencies in labor costs. If money comes in and goes out and you have no...