Have You Ran The Numbers? [99% Of People DON'T Do This!]

Today, we're discussing the importance of niche services and how they can help to create a profitable business and stir future growth. The riches are in the niches, they say, and there are a bunch of niches in this industry that can help you to command top dollar and become highly profitable.

In this episode, you will learn:

• The importance of running the numbers in your business to ensure profitability.
• Insights from conversations at Nick Carlson's open house regarding niche services and their profitability.
• The difference between gross revenue and profit margins in business.
• The significance of focusing on high-margin services rather than just increasing revenue.
• Strategies for evaluating potential new services and their profitability before implementation.
• The value of self-auditing and monitoring business metrics to understand financial health.
• Real-life examples of successful niche services that can lead to higher profits.
• The importance of professional branding and presentation in attracting higher-paying clients.
• Tips for improving your business image to stand out in a competitive market.

Want to Listen to More Episodes About Knowing Your Numbers?

• Ep 703. Breaking The 4 Minute Mile!
• Ep 694. The Self Employment Sin We All Make
• Ep 685. Are You Profitable? Real Talk!
• Ep 637. Go Ahead, I'll Wait (Real Talk Numbers)

Links Mentioned In The Episode:

• Lawntrepreneur Academy LIVE 2024 - price increases October 2nd