This episode dives deep into understanding operating profit or net profit, a metric crucial for any entrepreneur or business owner. Learn how to measure and manage your operating profit effectively, why it's essential to look at it as a percentage of sales, and how to balance acquisition costs, operating expenses, and your overall budget for sustained profitability. Shannon also touches on practical tips and actionable steps to ensure your business remains profitable even when overhead costs are unpredictable. Tune in and discover how to strategize your finances better and avoid the common pitfalls that can eat away at your profits.
What you'll hear in this episode:
[0:45] Expanding on the Profitable Scaling Playbook
[1:45] Understanding Operating Profit
[5:05] Analyzing Operating Expenses
[5:40] Budgeting and Profit Planning
[9:25] Practical Steps for Managing Expenses
[10:05] Conclusion and Next Steps
Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/
Connect with Shannon: https://www.linkedin.com/in/shannonweinstein
Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Follow along on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.
