Profit by Design 221: How to Talk to Your Team About Profit
Each person matters! Team members play a significant role in making and keeping a company profitable. To be profitable, a company has to make more than it spends, and the team members who find ways to take care of our exceptional clients increase sales, save money, and add significant value to our services. A profitable company is a healthy company that becomes a pillar of the local economy, and small companies are responsible for 60-80% of all new jobs in the US. Isn’t it easy to see why each team member is important?
A stable, healthy, and profitable company means that each team member has job security, along with career advancement opportunities, raises, and other benefits. A growing, profitable company can provide jobs for your neighbors, friends, and other community members. This healthy business growth cycle continues on and on–and it all begins with the ways your team members contribute to profitability. Those profit conversations can be challenging and uncomfortable, but I’m here to make it easier for business owners. Join me for a closer look in today’s podcast!
Profit by Design is a Tap the Potential Production.
Show Highlights:
- How the right conversations with your team members can help them understand the difference between revenue and profit
- Why we developed A Guide To Talking To Your Team About Profit and have it available for you to download
- How to equate “eyes on profitability” to having an emergency household account
- How profitability contributes to job security and a team-oriented workplace
- Listen to A Guide To Talking To Your Team About Profit as read by Dr. Sabrina
- Why your team should be working toward profit goals rather than sales goals
Links and Resources:
Download A Guide To Talking To Your Team About Profit and start using it today!
Need help? We are here with real solutions to help you take your life back from your business. Book a call today at www.tapthepotential.com!
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We’re celebrating 20 years at Tap the Potential! For two decades, Dr. Sabrina and the Tap the Potential team have helped small business owners build highly profitable businesses—without burning out. Today, 94% of our clients achieve more time for what matters most and see more money in their bank accounts than ever before. On average, they gain 7x more free time! Want to create these results for yourself? Book a call today at www.tapthepotential.com to explore our 1:1 coaching, small group coaching, VIP days, and business growth courses.