Around 2013, I completely tapped out my market.
I was photographing luxury weddings for $15,000-$20,000 - but could only do 25 a year (due to travel).
I was also hosting in-person educational events and creating digital products for other photographers.
I wanted to do MORE… but I knew I needed to shift my strategy to scale (because there is only one of me!)
So I did a business audit. I’m not gonna lie to you… It wasn’t the MOST FUN.
You wanna know what IS fun? Running a growing business that serves people well, is profitable, and provides a way for me to sip on frosty beverages on a beach vacation whenever I want to!
But the only way to do that was to do a business audit. So I buckled down and did it.
Click play to hear the six-step audit framework I’ve developed and how you can implement it right away… I promise you’ll be glad you did!
[00:02:18] Why auditing your business strategy is important for long-term growth.
[00:04:41] The importance of revisiting your goals and aligning them with your vision.
[00:06:44] How to stay ahead of the curve and identify market gaps.
[00:09:04] Ways you can leverage team skills, strengths, and interests to meet increased demand.
[00:10:12] Tips to improving customer satisfaction through customer feedback and data
[00:11:20] How to evaluate expenses and make cost-saving decisions by cross-training team members.
[00:12:22] Why you need to establish key performance indicators (KPIs) and measure progress towards goals.
[00:14:17] How to create your “Business Strategy Audit Document” to keep all of your decisions in one place.
[00:14:30] Three ways to measure the performance of your new business strategy.
After you listen to this episode, I encourage you to listen to 8 Mindset Shifts to Transform your Relationship with Money.
For complete show notes, visit: https://jasminestar.com/podcast/episode364
