The Profitability Matrix
Learn the top 3 mistakes that are costing YOU money - and exactly what to do about them.
The #1 REASON your team struggles with profitability is…
It’s really that simple – and also not that simple. In order to know if you’re spending too much, you first need to know exactly how much you SHOULD be spending in every area of your business. This includes salaries, lead sources, cost of goods, marketing, operations. Too often the mistake is to overspend, thinking that in order to make money I have to spend money – and that’s just not the case (or always the best business practice).
Get clear on how much you should be spending in each area of your business and STOP overspending.
REASON #2: You’re not tracking your numbers.
I’ll let you in on a secret – your data has all your answers!
When you track your numbers, you will be able to clearly see what areas of your business you need to focus your attention on to know exactly what’s working and not working. From that place of clarity you will be able to make informed decisions instead of chasing after every shiny object that comes your way.
REASON #3: You don’t have a plan.
Not having a plan is the equivalent to playing whack-a-mole in your business. You’re going to be incredibly reactive and susceptible to every latest and greatest thing that hits the market – and I guarantee it’s costing you money.
Are you ready to calculate YOUR profitability and see how you measure up?? Download our FREE Profitability Matrix, input your numbers, and calculate your team’s current profitability. We recommend aiming for at least 30% profitability…where is yours?
Download our FREE Profitability Matrix and discover…
Download our FREE Profitability Matrix and discover…
- Your ideal split percentages
- Your ideal salary, marketing, and operations cost percentages
- A current breakdown of your spending and gross revenue
- Your net income
-
Your team’s profitability percentage
(We recommend at least 30% profitability…where is yours??)
– Elizabeth McNally