4 tips to make your business more profitable (and fun)

Today, I’ve got 4 quick tips for making your business more profitable and fun.

Stop focusing on your weaknesses

People will tell you to focus on your weaknesses. Improve what you’re not good at. But 99% of the time, I’d say that’s bad advice.

You’re going to end up wasting valuable time becoming really good at something that’s not your superpower. 

Instead, double down on what you’re great at! 

And hire for the areas that you’re not. 

Pay yourself first 

Ever heard of the “Profit First Method” by Mike Michakowicz?

It goes like this - “every time you get a deposit from sales, take a predetermined percentage of that money as profit”. 

You started a business to earn a profit and provide for your family. 

So you shouldn’t wait to pay yourself the scraps.

Pay yourself first and you’ll be more motivated and engaged in working on your business.

Stop grinding in the business and start leading

Your business needs your ideas and leadership.

When you’re caught up grinding in the business, you’re not empowered to be creative or strategic.

So step back from the grind to focus on growth and develop other leaders within your team to handle the tactics.

Don't work for the same dollar twice

What does that mean?

It means when you earn a dollar, you should take that dollar and invest it in a way that will compound and grow for you.

That way you’re never working twice to earn the same amount. 

There it is - 4 tips for making your business more profitable and fun.

Do you need help with your Automated Customer Follow-Up?

Getting leads is the easy part. Turning them into paying customers is where the magic is at.

We added over 100,000 subscribers to our brands last month, but without our email and SMS follow up system we wouldn’t be able to do that.

If you want to learn more about how to execute this in your business then schedule a demo with us.

natekennedymd

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The ECONOMY is Crashing (so they say)

I'm in a small mastermind group and we have been discussing this for the last 18 months. A few members foresaw this coming and let the rest of us know about it.

I have never been able to wrap my head around losing so much money overnight with the markets.

It's mainly why I stay invested in digital businesses for cash flow and real estate for longterm wealth.

Actually, back in 2008 and 2009 I started using Self Directed IRAs as an alternative investment strategy.

A SDIRA allows you to move your 401K over to it which gives you a way to diversify your retirement funds into real tangible assets.

Rooting for ya!

~Nate Kennedy