Ep 38: Are You Losing Money on Clients? Two Steps to Financial Clarity
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Ep 38: Are You Losing Money on Clients? Two Steps to Financial Clarity
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About this listen
Key Takeaways
- Implementing Profit First creates essential financial clarity and structure
- Separate your revenue into 4 simple accounts: OpEx, Owner’s Comp, Taxes, and Profit
- Most agency owners unknowingly overspend and underpay themselves
- Tracking profitability per client reveals which clients are profitable vs. loss-making
- Use a basic Google Sheet to track client-level labor and tool costs
- Try this prompt to get coached by your dream mentor:
"For this entire chat, please act as if you are {CREDIBLE, WELL KNOWN PERSON YOU WISH WAS YOUR MENTOR} coaching me on my business problems. Say what you think you would say. Ask the kinds of questions you think you would ask. Provide the kinds of diagnoses you think you would provide. And don't be afraid to provide a hard dose of reality, no matter how brutal or blunt."
Agency Uplift - Free Stuff to Scale Your Agency:
https://www.agencyuplift.co/sop (I saved $20K/mo using this system)
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