Welcome to the podcast! Today, we’re diving into the five biggest profit drains that can silently sabotage your interior design business. If you’ve ever wondered where your money is going or why your profit margins aren’t where they should be, this episode is for you. Grab a pen and paper—because you’ll want to take notes on how to boost profitability and take control of your money management starting today.
Pricing
Financials
Ideal Client
Managing Cash Flow Effectively
You cannot sell more of something at a really bad price and continue to make money, a bad price is a bad price. Michele Williams
An ideal client is somebody who has the same value statements that we are coming in with as the company and there's a value continuance between us and that client. Michele Williams
The more we're fighting people, processes, or not knowing what the numbers are, the more it's going to cost us the profits and the money, but also the profitability of peace in our lives. Michele Williams
Know how money comes in, know how revenues are recognized, know how profit is recognized, and know when you need those funds. Michele Williams
Facebook: Scarlet Thread Consulting
Instagram: @ScarletThreadATL
Website: ScarletThreadConsulting.com
LinkedIn: Michele Williams
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Profit First by Mike Michalowicz
