How can you ensure you're making enough on each unit sold to cover the costs of running your business? The focus is on evaluating your pricing strategy, understanding product-market fit, and considering the impact of scaling on customer affordability. Shannon offers actionable advice on reducing costs, negotiating with suppliers, and fine-tuning your pricing to improve profitability.

She also underscores the importance of strict boundaries regarding service offerings and the potential need to prune less profitable services. To help entrepreneurs implement these strategies, Shannon offers personalized power sessions. Tune in to learn how small adjustments in your business strategy can result in significant profitability improvements.

 

What you'll hear in this episode:

[0:45] Understanding Core Offer Profit

[1:35] Pricing Strategies for Profitability

[2:40] Addressing Customer Base and Market Fit

[3:40] Optimizing Sales and Close Rates

[4:45] Managing Discounts and Payment Terms

[6:15] Reducing Costs and Enhancing Focus

 

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.