PT Profit Podcast The Systems and Structures Behind a Multiple 6-Figure Business
In this episode, we dive deep into the essential factors that drive business growth. It's not just about the numbers; it's about gaining clarity on what it truly takes to succeed.
Join me as I break down the crucial systems and structures that need to be in place for sustainable growth. Along the way, we encounter ceilings and bottlenecks in resources, time, energy, and effort. But fear not, because I reveal how to make strategic decisions on resource allocation to maximize your return on investment.
One common misconception is that as we reach new levels of success, we face entirely new challenges. But the truth is, it's the same challenges dressed in different forms. I'll show you how to navigate these challenges with confidence and trust in your decision-making abilities.
In the previous episode, I shared a specific process for measuring the math behind a six or seven-figure business. If you haven't tuned in yet, I highly recommend checking it out first for a solid foundation.
We'll also discuss the importance of leveraging your resources and optimizing profit margins. In the online space, a healthy profit margin ranges from 40% to 60% of revenue, while brick and mortar businesses should aim for 20% to 40%. I'll guide you through assessing your business needs and finding the right balance.
Furthermore, we'll explore the different phases of business growth. Whether you're just starting or looking to scale, I'll help you identify the right phase for your business. We'll uncover strategies for crafting premium offers, testing their effectiveness, and scaling up when the demand exceeds your capacity.
Remember, business growth is not a one-size-fits-all journey. I'll provide valuable insights and practical tips to help you determine the best approach for your unique circumstances. Whether it's cash or capital, we'll find the solution that aligns with your goals.
If this episode helps you, please share it with someone who might be on the same journey as you and to help the show grow.
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