You most likely started your business for both time freedom and financial freedom. However, I hate to be the bearer of bad news but, most businesses are NOT profitable! In fact, 80% of businesses fail due to cash flow issues. I don’t want your business to fail because you didn’t know how to be profitable. So, let's dive into what it takes to build and maintain a profitable business. Trust me, this won’t be super boring either! 

Here are 10 steps to How to Build and Maintain a Profitable Business: 
1. Understand Financials
2. Focus on Financial SMART Goals
3. Create a Business Map or Plan
4. Identify What's Holding You Back
5. Focus on Strategic Innovation
6. Leverage Your Connections
7. Use the Right Tools for Your Growth Strategy
8. Develop a Strong Company Culture and Brand
9. Refine Business Processes, Track Your Progress, and Don't Waste Your Time on Low-Value Tasks
10. Take Action

So, there you have it, 10 Ways on How to Build and Maintain a Profitable Business. It won’t always be easy but there is a reason, a BIG WHY you started your business and you need it to be profitable to keep it running. I for one want to eventually do my coaching and consulting business full-time, so for me, I NEED it to be profitable to I can leave my “9-5”. I am sick of having a “side hustle” or “side business”, I am ready for it to be my main gig. What is your why? I would love to hear it. 

Listen to the full episode as I dive into 10 Ways on HOW to Build and Maintain a Profitable Business


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