Episode 118 :: The Profit Assessment: How One Founder Doubled Their Monthly Profitability, and the Steps You Can Take To Do the Same
"Increasing sales is not the solution to profitability."(Video + closed caption available on YouTube)Sarah recently shared on Social Media that one of her clients increased their July profit - year over year - from $19,000 to over $43,000.
It got lots of hearts and clap emojis, and one reply that said “this is so inspiring - how did they do it?”
In this episode, Sarah shares all of the details of how her client doubled their profitability. She walks Chelsea through the process of using a Profit Assessment to easily analyze the business, pinpointing what could (and should) be changed to improve profitability, the planning process, and how the founder successfully executed change.
You’ll also learn:
WhaWhy “selling more” was not part of this founder’s strategy for increasing profitability
How and when increasing revenue can actually make your profitability and cash flow worse
Tactics for balancing growth with cost-saving methods as you work to increase profits
The reason Sarah always starts her process with a Profit Assessment, and the actionable insights the Profit Assessment provides
Why the “check and adjust” cycle is crucial to building a financially successful food business
And more!
Ready to dig into this work inside your food business? Take the Profit Assessment.
The Good Food CFO Book Club: 4000 Weeks by Oliver Burkeman
Grab your copy in our Book Shop
RSVPfor our Live Discussion on Sept. 18th
Stay connected!
Instagram: @TheGoodFoodCFO
YouTube: @thegoodfoodcfo
Join us in The Good Food CFO Community
HAVE YOU SUBSCRIBED AND REVIEWED THE GOOD FOOD CFO PODCAST YET?
THIS IS THE NUMBER ONE THING THAT YOU CAN DO TO SUPPORT THIS PODCAST AND ENSURE OTHERS IN THE FOOD INDUSTRY ARE FINDING ME!
To do so, follow these easy steps:
Click here to find my podcast in iTunes
Once you’re there, click “listen on Apple Podcasts,” and hit “SUBSCRIBE” under the picture of me!
Click “ratings & reviews” and leave me a little love!
THANK YOU for helping to support & promote The Good Food CFO! I look forward to connecting with you again soon.