Strategy Meets Finance cover image

The 3 Ways You Can Boost Your Gross Profit in Your Business | Ep 05

Strategy Meets Finance

00:00

How to Increase Gross Profit in Your Business

The first way to boost your gross profit is through volume, increases in volume. You're not gonna increase volume and then magically fixed your cost of goods sold percentage. Instead, I'm talking about growing gross profit through volume increases, but gross profit in terms of dollars, not as a percent. Growing revenue is actually pretty easy to do. There's smart revenue and then there's dumb revenue. And so the dumb revenue is revenue that you grow quickly by doing discounting and other tactics that are not sustainable.

Play episode from 04:13
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app