647. Should You Share Profit Numbers With Your Team? (Yes, here’s why it’s a HUGE mistake not to)

Wrapping up our profit series, the limiting belief I hear all the time inside of IFCA from coaches is "should I share my profit numbers with my team?" Yes and there's a right way and a lot of very wrong ways to go about this. In this episode, I'll explain why you should be transparent with your team, how to cut the right costs to be more profitable, the concept of strategic costs, and more.

 

Time Stamps:

 

(0:48) A Limiting Belief I Hear All The Time

(1:48) How Not To Go About It

(4:12) Profitable Companies Invest Back Into Their Business

(7:01) Cutting Costs To Be More Profitable

(7:32) Strategic Costs

(9:53) Prepping For A Bodybuilding Show Analogy

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