When you hear the word “simplify” what goes into your minds? Simplify in terms of business means to scale down, limit something or pull out something that is irrelevant. Yes, simplifying can truly increase your profits. This is the topic of our episode in Uncover Wealth Radio and though it may seem incredibly counter intuitive, you will see that they do make a lot of sense. There are three ways to simplify and massively increase your profitability. So, if you must, please take down notes.
Today, Annette Ferguson, who is the host of the podcast and a pro in helping entrepreneurs take home more money from their business for them and their family to enjoy, is here to tell you all about money, business wealth and creating financial freedom.
Points of Discussion
Here are a few insights you’ll hear in today’s show…
- Limit your offering or scale down until your first offering has already reached 100k minimum in annual revenue.
- Making sure that every single pound spent in marketing is delivering you the result that you needed.
- Time auditing your team, simplifying their roles and making sure that their roles are relevant to the business is important in ensuring your profitability.