Ep. 131 – Unlocking Intentional Growth: 6 Steps for Increased Profitability and Deliberate Expansion
What does intentional growth mean? We're not referring to the physical size of your premises or the number of employees you have.
We're focusing on profitability scaling your business!
In this episode, Danielle leads us through six steps for intentional growth. If you want deliberate expansion and increased profitability, you need to be purposeful in following these six steps.!
IN THIS EPISODE:
[00:00] The topic of the day is intentional profitability growth
[00:49] No. 1. Committing to growing intentionally starts with the owner's salary. Opt into the resource page on the website to participate in learning about what an owner should be paid. July 12th, 2023, 11:00 AM Pacific Time,
[05:45] No. 2. You need to commit to being intentional about making your business public.
[08:11] No. 3. Identify the areas where you'd like to grow your business.
[12:46] No. 4. Invest one hour a day in assessing your areas of growth
[17:25] No. 5. Invest one hour weekly in reflection and writing down your learning
[25:50] No. 6. Become intentional about the growth of your business and share with someone
KEY TAKEAWAYS:
When money comes into your business, and it's gone in a flash, you must be more profitable. That's letting your business happen to you.
Sometimes reducing the size of your audience is best because you can concentrate on what you are doing and do it well.
Investing in Profit First is an investment in your business.
