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£165k/month in Financial Compliance, But Profits Are Falling Short (4k)

James Sinclair's Business Broadcast

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Navigating Compliance and Profit Challenges

This chapter follows two entrepreneurs' transition from the motor trade to launching a financial compliance business aimed at independent motor dealers during the COVID-19 lockdown. They discuss their significant growth, achieving nearly £1.5 million in turnover, but voice concerns over declining profitability and staff adoption within a specialized market. Emphasizing the importance of defined roles and strategic partnerships, the chapter explores the delicate balance of managing cash flow and enhancing productivity in their expanding team.

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