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147: How to Increase Your Profits in the New Year with a Quick Evaluation of These 4 Things
Breakthrough Brand Podcast - Online Business Growth, Website Design Strategies, Grow a Podcast, Motherhood and Business, Passive Income, Christian Faith, Showit Templates
English - November 30, 2021 12:00 - 27 minutes - 19.1 MB - ★★★★★ - 239 ratingsEntrepreneurship Business Marketing showit website design start a podcast christian business owner motherhood work from home passive income web designer start a business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
I run a pretty lean business — meaning lower expenses, higher profit margins! I’m proud of that. That’s a PRO of online business, we can be lean! However, so often we overspend without even thinking about it. It’s easy to just spend, spend, spend! Shiny object syndrome is real. And most of us (myself included) did not study finance, accounting, and bookkeeping in any professional capacity. We might struggle to really SEE where our money is going.
As we move into the new year, it’s the perfect time to evaluate what’s been happening in our business financially and what shifts we can make to improve our finances! Let’s look critically at our business’ finances today to see what shifts we can make to increase our profit margins! I am going to show you 4 areas to evaluate in your business finances to get your profits higher and spending lower for the new year!
Think you want more financial tools to track this kind of stuff? Check out my resource, Profit Sheet! This is the tool I created and have used for years to track my business finances. You can track everything from tax payments, to what you pay yourself monthly, profit margins, and so much more! Buy it at https://elizabethmccravy.com/profit-sheet
Links mentioned in this episode:
- Get the blog version/full show notes for this episode: http://elizabethmccravy.com/147
- Get QuickBooks at 55% off: https://elizabethmccravy.com/quickbooks
- Get Profit Sheet for your business: https://elizabethmccravy.com/profit-sheet
- Connect on Instagram: https://www.instagram.com/elizabethmccravy/
- Shop Showit templates: https://elizabethmccravy.com/shop
- Why You Shouldn’t Use Personal Venmo for Your Business: https://elizabethmccravy.com/88
It's time for Quarter 2 of 2024! This is a great time to rework the way you manage your business' finances to be more effective and help you create more profit this year. Get my simple 8-step financial process I do at the end of every month to help me manage my business finances: https://elizabethmccravy.com/profit I walk you through EXACTLY what to do in this free guide!