The Profit Minds Podcast with Dr. Steven Kirch, Episode 89
In this episode of The Profit Minds Podcast, Dr. Kirch speaks with Manny Skevofilax, a consultant, speaker, and author who helps business owners make more money by successfully navigating the challenges of growing their businesses profitably through his business, Portal CFO.
Tune in to the episode to hear about:
* From Restaurants to Business Advisory: Manny Skevofilax goes over his transition from working in his family's restaurant business to becoming a business advisor, leveraging his experience in financial analysis to help small businesses.
* Understanding Financial Statements: He emphasizes the importance of analyzing financial statements—income statements, balance sheets, and cash flow statements—to identify areas for business improvement.
* Benchmarking and Profit Margins: Manny advises using industry benchmarks to compare and improve a company's profit margins, ensuring they align with or exceed industry standards.
* Realistic Goal Setting: He discusses the importance of setting achievable business growth goals based on the company's financial resources and capital availability.
* Competing on Value: Manny advocates for competing on value rather than price and stresses the significance of maintaining healthy relationships with both customers and suppliers for sustainable growth.
Learn more about Manny Skevofilax:
* Connect with Manny Skevofilax on Linkedin: https://www.linkedin.com/in/mannyskevofilax
* Follow Portal CFO Consulting on Linkedin: https://www.linkedin.com/company/portal-cfo-consulting
* Visit Portal CFO Consulting’s website: https://portalcfo.com
* Read Manny Skevofilax’s book: https://www.amazon.com/Ultimate-Profit-Management-Maximizing-Profitability-ebook/dp/B0D1DLSCS4?ref_=ast_author_mpb
* Take Manny’s budgeting course: https://www.mannyskevofilax.com/personal-budgeting-mastery
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Welcome to The Profit Minds Podcast with Dr. Steven Kirch. Dr. Kirch is the creator of the Profit Minds(TM) Growth System, a unique blend of profit growth, productivity acceleration, and business process for scale. In each episode of The Profit Minds Podcast, Dr. Kirch interviews entrepreneurs and small business owners from around the world with a unique story to tell.
Connect and learn more about Dr. Steven Kirch:
* LinkedIn: https://www.linkedin.com/in/stevekirch
* Profit Minds Website: https://profitminds.net
* Download (for FREE) Dr. Kirch’s E-book, which Reveals… How any Entrepreneur can Find 30K in their business guaranteed (Closing More Sales and Generate More Leads!): https://ebook.profitminds.net/optin916882
* Take the Profit Acceleration Quiz: https://www.theprofitquiz.com/0
Subscribe to The Profit Minds YouTube Channel and Playlist: https://www.youtube.com/channel/UCYzSBrvwx4z2nGYW9A-Uo4g/playlists
