Beyond 8 Figures How to Stop Profit Leaks in a Growing Business with Kevin Bees, ProfitHive
Jun 11, 2025
Join Kevin Bees, the founder of ProfitHive, who specializes in identifying profit leaks for businesses. He unveils the seven hidden areas where companies lose money and shares a straightforward framework to streamline finances without needing an accounting degree. Kevin discusses the importance of refining business practices, understanding key metrics, and maximizing profitability through strategic mindset shifts. He also emphasizes the need for effective marketing and enhances customer experience to boost profit margins.
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Profit Leaks Found Quickly
- Entrepreneurs often find at least $100,000 in additional profit within 45 minutes of a financial review.
- An outsider's perspective can reveal quick improvements in strategy, sales, and recurring income streams.
Use Profit by Product Insightfully
- Use monthly management accounts to understand profitability by product or service.
- Redirect effort toward higher-margin offerings for improved profit and efficiency.
Focus on Key Daily KPI
- Identify a key KPI linked to profitability and track it daily to ensure business health.
- For example, machinery usage above 60% utilization ensures consistent profit generation.