As a small business owner, every dollar counts. Unfortunately, many businesses unknowingly have profit leaks that can drain their bottom line. Let’s discuss five common profit leaks and provide actionable steps to plug them up and not let a drip become a flood! 1) Poorly Managed Expenses Uncontrolled spending on unnecessary expenses can erode your…
It was a late summer morning when Sarah, the owner of a family-run manufacturing business, realized she needed a change. Despite her business generating steady revenue, profits weren’t adding up as expected. Rising expenses, overtime labor costs, and increasing supply chain costs were quietly eating away at her bottom line. Sarah knew that with razor-thin…
As a business owner, you juggle multiple roles all at once. You are the visionary, the strategist, a salesperson, and sometimes even a customer service representative. But are you a Profitability expert? If not, a Profitability Coach could be the solution you need to help you achieve your important business goals. What is a Profitability…
In this episode of ProfitSense, Bill McDermott, The Profitability Coach, welcomes guests Marika Ponton from The Profitability Coach, Rachel Donnelly, founder of AfterLight, and Gary Massey of Massey and Company CPA. They discuss various challenges and solutions for improving business profitability, the intricacies of estate management, and the unique offerings of their respective services. The episode…
A business consultant and a Profitability Coach offer distinct but complementary services to organizations, each playing a crucial role in enhancing a company’s performance and financial health. Understanding their differences can help businesses decide which professional to engage based on their specific needs. Business Consultant A business consultant provides expert advice on various aspects of…
It’s important for business owners to understand the differences between a business coach and a profitability coach to make informed decisions about which type of coaching can best meet their specific needs and goals. Although both types of coaches aim to enhance a business’s success, they focus on different aspects and employ distinct methodologies. Here…
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