Let's dive into the concept of core offer profit, which is essentially the profit derived from a specific product or service after direct costs are subtracted. She highlights the importance of understanding industry norms and calculating gross margin, providing actionable tips for both product-based and service-based businesses.

Shannon also offers insights on what to do if your core offer profit is too low and hints at what's coming in the next episode. Tune in for valuable strategies to boost your business's financial health and scalability.

What you'll hear in this episode:

[0:45] Unveiling the Profitable Scaling Playbook

[1:35] Understanding Core Offer Profit

[2:35] Calculating Costs for Product-Based Businesses

[4:25] Calculating Costs for Service-Based Businesses

[6:05] Evaluating Your Gross Margin

[7:50] Addressing Low Core Offer Profit

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Follow along on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.