7 Profit Tips and the Ultimate Business Advice
My goal at Profit Mastery is to save small businesses through consistent profit improvement. Along with our stellar profitability course, we'll be regularly sharing tips, tricks, and strategies from our learnings. Thanks for reading.
The ultimate business advice...
A week ago, I attended a conference dedicated to business owners, search funds, and investors. There were several great takeaways but one quote stood out to me:
What a great thought process. This quote came from a former operator of a Berkshire Hathaway subsidiary and was touted as a frequent saying within Berkshire. That's pretty cool.
Act as though your business is all you have and you'll likely take the right steps toward building something great and enduring. That's what we all want anyway... something that can outlive ourselves and doesn't require us to be in the driver's seat forever. Achieving that starts with healthy profits.
7 profit tips...
We recently started a "365 days of profit" campaign where you can follow along as we share daily tips and tricks to inch toward big profit improvement over the next year. Here were the first 7 tidbits from the past week:
- Track your weekly cash inflows and outflows
- Schedule price increases
- Grab those credit card rewards
- Hire virtual assistants or freelancers for admin or project-based work
- Set a budget for expenses
- Automate invoice processing for efficiency and cost savings
- Review your credit card statement for unnecessary subscriptions
3 ways we can help:
- Weekly newsletter - We write a weekly profit improvement newsletter share notes from our own playbook.
- Online course - Profit Mastery University is proven to increase profit and cash flow in just 8 weeks.
- Services - Looking for personalized support? We can help implement the Profit Mastery tools in your business too.
