Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast Double Your Profit Day #1 Choose Profit Over Revenue
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Aug 1, 2025 Kickstart your profit journey by shifting your mindset from chasing revenue to prioritizing profit. Learn why profitability is crucial for business growth and how to optimize your margins through effective cost control. Discover the significance of financial transparency and aligning team incentives with profit goals. This approach not only boosts your bottom line but also enhances your business's overall value and sustainability.
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Profit Trumps Revenue
- Revenue is often more talked about because it is a big, visible number that attracts attention.
- Profit matters more because it enables continued investment and determines business valuation at sale.
Profit Benefits Your Team
- Focus on profit because it positively impacts your team members' lives and careers.
- A profitable business pays people what they dream of making and supports their families better.
Profit Drives Growth and Control
- Profit fuels growth in many forms, including acquisitions, expansions, and marketing.
- Controlling costs is crucial because costs are mostly within your control, unlike revenue.