TBL Episode 64: What will profitable online businesses look like for 2020?
Jan 27, 2020•25 min•Transcript available on Metacast Episode description
If you’ve been listening to our podcast for a while, then you know how much I talk about how profit is underrated while revenue is overrated. Going into 2020, I still stand by that sentiment. However, with the online business space changing so much with each passing year, what will it take to make your business as profitable as possible in 2020? That’s why in this episode, we discuss: - The key expenses all entrepreneurs will need to watch closely in 2020
- Why your business model is going to have a huge effect on how much profit you can expect
- The advantage our highly profitable clients have over the ones that struggle with their margins
- How your product strategy will become more important than ever
- Why doing “just enough” isn’t going to be enough to keep cash flow positive for the long haul
- How more competition is going to affect how much you have to spend to find new leads
- Why keeping up with your financial data is only going to become more important as you grow
