The $100 MBA Show MBA2643 3 Hidden Costs Killing Your Business Profits
Jun 27, 2025
Explore the surprising hidden costs that may be draining your business profits. Discover how poor time management can lead to unnecessary expenses and learn to prioritize high-value tasks. Uncover the impact of overlooked subscriptions and tools while maintaining a clear Profit and Loss sheet. Learn the importance of systemization to prevent costly mistakes and empower your team. Finally, reflect on past experiences to work smarter and enhance your profitability.
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Audit Time for Profit
- Audit your weekly tasks and assign a dollar value to each based on business impact.
- Delegate or eliminate tasks that bring less than $100 in value per hour to focus on high-leverage activities.
Cut Subscription Creep
- Review all recurring charges and subscriptions from the last six months to identify unused tools.
- Cancel unused subscriptions to save money, you can always resubscribe if needed later.
Costly Email Mistake
- Omar's software company once lost $12,000 due to sending an email with a broken link.
- Lack of a double-check system caused the expensive mistake, showing the cost of poor processes.