Episode 437: Down to Business 2 – How to Maximize Your Profit Margin

Last week on the podcast we broke down what you need to know about being a personal brand versus the CEO of your business, and in today’s Down to Business instalment we’re discussing expenses. Get ready, because in this episode we’re revealing the ways that each expense will impact your profitability! If you enjoy this episode and it inspired you in some way, we’d love to hear about it and know your biggest takeaway. Take a screenshot of you listening on your device, post it to your Instagram Stories and tag me and Jilly, @jameswedmore and @jillycedeno. Don’t forget to grab your free 5x Your Business Performance Workbook that integrates the exercises, activities and to-do items from those powerful episodes at https://www.mindyourbusinesspodcast.com/dtb! To get my FREE Goal-Setting Guide, Breakthrough 2021, head to http://jameswedmore.com/breakthrough right now! Haven’t left a review yet? All you have to do is go to http://jameswedmore.com/itunes, and thanks for your support of this show! I want to invite you to help contribute to this podcast by submitting a question for a #Q&AEdition; of The Mind Your Business Podcast. All you have to do is go to http://jameswedmore.com/QA and record a question (under 4 minutes or less) that could be featured on an upcoming episode. In this episode you’ll hear: The different types of costs to be aware of, plus how they each will impact your profitability What is the right, and wrong question, to be asking in regards to expenses The best ways to build and manage a great team How to decide whether or not to spend money on something new in your business And more! For full show notes and links, visit: https://www.mindyourbusinesspodcast.com/blog/437