Episode description
Do you find that your business is “staying afloat"? Is your business always covering its expenses but with little to no profit left over?
You’re not alone. A US-based survey found that 30% of small businesses break even. Another 30% are running a loss.
Perhaps your business is stuck in a rut. Or, perhaps you have trouble growing the company since there are hardly any earnings to reinvest. No matter the case, a little innovation is often all that’s needed to go from staying afloat to becoming profitable!
One way to innovate is by changing up the way you handle your business’ finances. There are many great business strategies out there. However, there is one called Profit First that has become quickly popular!