In this episode, Shannon shares her frameworks for finding cost savings in your business. She explains how to evaluate your fixed costs, ensure a healthy ROI on expenses like marketing, and cautions against over-focusing on tax savings while ignoring core cash flow issues. Shannon also prompts you to reflect on why cost-cutting is a priority for you right now to better guide your approach. Stay tuned for her actionable tips to trim the fat in your business expenses!

 

What you'll hear in this episode:

05:13 Consider switching to incentive-based commission model.

08:24 Reducing tax liability through strategic operational decisions.

11:48 Question why you seek cost savings critically.

 

If you like this episode, check out:

When to Invest in Premium Products and Services

Do I Sell More or Spend Less?

How Do I Avoid Payment Processing Fees?

 

Want to learn more so you can earn more?

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Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon 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. Please consult a qualified professional before implementing anything you learn.