29 Sep 2023

EP88: Why Your Profits Shrink When Your Business Grows

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Episode 88: Why Your Profits Shrink When Your Business Grows

Your business revenue is growing nicely and you’re adding team members. 

But when it comes to your profit margins, they seem to be falling. 

And you’re left thinking “WHAT THE HELL IS GOING ON?” 

When you grow, you think your profit margin will just keep moving. 

But you can get into real trouble if you don’t understand this isn’t the case, and what to do about it. 

It can make growth seem intimidating.  

And make you feel like you want to stay in your lane. 

But it’s a huge mistake.  

And if you don’t adjust, your business consumes your life and becomes a glorified hectic job. 

So Phil and Tony recorded this episode to put all the fears and inconvenience to bed. 

 WHAT YOU’LL GAIN FROM IMPLEMENTING TODAY’S PODCAST:

  • Learn about the systems you require for each stage in business
  • Understand where you sit in the business development timeline
  • Learn how reducing your net profit is actually a sign of success
  • Prevent yourself from stretching yourself too thin in your business

LINKS MENTIONED IN THIS EPISODE:

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Find Out How These Strategies Fit Into Our Programs

The same theories covered in our blog posts are applied with templates, guides, and webinars within our Profitable Tradie programs. Accompanied with the support of coaches we use these strategies to overcome challenges and get results for our members. Find out what that might look like for your business.