This week, we're tackling the critical topic of profitability in service-based businesses. Profit isn’t greed—it’s the foundation of sustainability and growth. Join me as we debunk myths about pricing, understand true costs, and embrace the necessity of making a profit to ensure your business thrives. Tune in for valuable insights and practical tips to keep your business successful and profitable.
Profit is often misunderstood as greed, but it’s crucial for sustaining and growing your business.
In this episode, I address the misconceptions around pricing and profit, spurred by a heated discussion I witnessed on social media. We’ll break down why charging appropriately for your services is not only fair but necessary for your business’s longevity.
We’ll explore how to calculate your true costs, the importance of reinvesting in your business, and why it’s okay—and essential—to make a profit. I’ll also share a thoughtful quote from Benjamin Franklin: "Beware of small expenses; a small leak will sink a great ship," reminding us to keep a close eye on our expenditures.
Tune in to learn how profit sustains your business, enables growth, provides stability, measures success, and attracts clients. Let’s ensure your business remains profitable and successful. Wishing you a profitable week ahead, and I’ll see you next Monday!