The IGNITE Podcast with Josh Stone

Thou Shalt Focus on Profit | EP 105


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Today, we’re diving into Episode 7 of our special series, The 10 Commandments for Consultancy Business Owners, where we challenge the norms, break down myths, and explore what it takes to build a thriving consultancy.  

 

Today’s Commandment 7 of 10 is: "Thou Shalt Focus on Profit." 

  
In this episode, we uncover: 

 - Why chasing revenue growth is trap if profit isn't prioritised. 

 - How to build systems, processes, and efficiencies that boost profit. 

 - The power of tracking profit monthly — not waiting for your accountant to tell you. 

  

Profit is the lifeblood of your business — it gives the freedom to grow, reward your team, and reinvest back into the business. Without it, you’re just running on a treadmill chasing a false economy – all effort, no reward. 

  

If you’re ready to break free from the revenue hamster wheel and focus on real, sustainable growth, this episode is for you. 

 

PS: If you’re interested, here are 4 ways I can help you right now: 

 

  1. Download our free Business Plan template that will help you build out your Business Plan & grow your business in a consistent and step by step manner – Click Here to download now 
  2.   

    1. Join our next online workshop – The Profitable Consultant | Learn how to build a Profitable Consultancy, that generates consistent 30% net profit margins - Register here
    2.   

      1. Book a 15-minute Business Growth Call | Map out a growth plan for your business, uncover the #1 bottleneck that's holding you back right now and leave this call with a clear and actionable plan for what to do next in your business – Click Here
      2.  

        1. Join us! We run a thriving community and training group for engineering, town planning, surveying & architecture consultancy business owners. In 2023, our members on average grew their revenue by 46%. If you'd like the same results or better - just send us an email at [email protected] with the word “PROGRAM” and we’ll get you some more information. 
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          The IGNITE Podcast with Josh StoneBy Josh Stone