Bottom line savings! If you’re feeling overwhelmed by the rising costs of insurance for your service business, despite your efforts to reduce expenses through cost-cutting measures, then you are not alone! Many business owners struggle with finding the right insurance coverage to protect their business and employees while keeping costs low. In some cases, they may be paying for coverage they don’t even need. This can lead to frustration and a sense of helplessness. But there is a solution: captive insurance. By working with the right insurance company, you can take control of your coverage, lower your expenses, and gain peace of mind.
Tax & Profit Coach For You Podcasts
Retirement Planning For Business To Maximize Profitability
Do you think retirement plans are only for large corporations? I debunked this myth with Bill Black from Pension Specialists in the recent episode of the Profitable Home Services Podcast. We discussed how small businesses can significantly benefit from these plans. A qualified plan allows for an income tax deduction and offers tax-exempt growth. Time to maximize profitability.
Uncovering Revenue Leaks in Home Service Businesses
As a business owner, understanding your own role in the company is crucial. It isn’t just about managing day-to-day tasks, it’s about financial responsibility. Recently, Mike Disney and I discussed the importance of being disciplined in monitoring numbers and job costing to avoid revenue leaks. It’s about embracing the highest and best use of time.. Truly, understanding your business’s identity can lead to profitability.
Boosting Profits – Insights from a Strategic Hiring Process
Insights from a Strategic Hiring Process. Mike Michalowicz helped me understand the pitfalls of traditional interviewing.
How To Delegate To Maximize Profits, Freedom & Success
Ever wondered how to build a successful team and increase bottom line profit? Brigham Dickinson, the president of Power Selling Pros and founder of the Power Certification Program, shares his insights on matching responsibilities with the talents of each team member. Learn how to delegate like a pro.
Unleashing Resilience and Adaptability: The Keys to Entrepreneurial Success
There’s something special when you realize your purpose through challenges. I recently discussed this with Dave Sanderson, an inspirational survivor and leadership speaker, on the Profitable Home Service Podcast. We discussed the value of resilience and adaptability, especially for entrepreneurs like us. Life will throw curveballs at you, that’s certain! But the key is to remain focused on your area of expertise, while delegating other tasks to those who excel in them.
Boost Your Bottom Line By Mastering Cashflow Management
Ever wondered about the silent killers of profit and cash flow? In a recent chat with Mike Milan (Cash Flow Mike), we explored mismatched financing and high-interest payments that can quietly wreak havoc on your bottom line. Remember, 35% of businesses filing for bankruptcy have net profit. Focus on cashflow management to safeguard your business’ financial health.
Use Print Marketing To Build Relationships And Revenue
The printing process can seem intimidating with all the technical jargon and complexities involved. That’s why I appreciate businesses like Print Fast that prioritize making the experience friendly and informal. Translating this to my own work, I’ve realized just how crucial clear communication is. It’s not about using big words or complex terms, but about conveying ideas in an accessible way.
I chatted with Bill McGowan from Print Fast. Reflecting on the importance of post-service customer interactions, he stated, “If you forget about your customers, they will forget about you.” His words reminded me of the value of maintaining relationships with clients in any industry.
After all, it’s all about human interaction at its core.
The Hidden Costs Sabotaging Your Financial Health (And How to Fix Them)
Ever wonder about the true importance of financial literacy in business? I had an enlightening conversation with Ellen Rohr, president of Zoom Drain Franchise LLC, about just that. One key takeaway – never ignore your numbers. Understanding them can make the difference between just getting by and truly thriving.
How The Profit First Method Can Transform Your Service Business
Ever pondered on the unconventional accounting formula: sales – profit = expenses? As a host of a podcast that seeks to empower businesses, I recently dove into the Profit First Method principles and how flipping traditional accounting on its head will prioritize profit.