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Profit Is A Choice

Profit Is A Choice

By: Michele Williams | Business Coach | Podcaster |Speaker
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 Owning every choice in your business is not for the faint of heart. Each Monday, join Michele Williams, strategic profitability coach for the interior design industry as she interviews guests who are taking control of their business one decision at a time to increase their profits. If you are an entrepreneur who wants to make money while working in your passion, this is the podcast for you.The Scarlet Thread LLC 2018 Art Economics
Episodes
  • The Top 5 Profit Drains in Your Interior Design Business

    The Top 5 Profit Drains in Your Interior Design Business
    May 18 2025
    285: The Top 5 Profit Drains in Your Interior Design Business Welcome to the podcast! Today, we’re diving into the five biggest profit drains that can silently sabotage your interior design business. If you’ve ever wondered where your money is going or why your profit margins aren’t where they should be, this episode is for you. Grab a pen and paper—because you’ll want to take notes on how to boost profitability and take control of your money management starting today. Topics Mentioned: Pricing Financials Ideal Client Managing Cash Flow Effectively Key Thoughts: You cannot sell more of something at a really bad price and continue to make money, a bad price is a bad price. Michele Williams An ideal client is somebody who has the same value statements that we are coming in with as the company and there's a value continuance between us and that client. Michele Williams The more we're fighting people, processes, or not knowing what the numbers are, the more it's going to cost us the profits and the money, but also the profitability of peace in our lives. Michele Williams Know how money comes in, know how revenues are recognized, know how profit is recognized, and know when you need those funds. Michele Williams Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL Website: ScarletThreadConsulting.com LinkedIn: Michele Williams References and Resources: Work with Me The Designers' Inner Circle - Become a Member Today CFO2Go Metrique Solutions Metrique Solutions - Free Month Promo Code How to Build, Manage, and Execute on a Business Strategy course beginning August 2025 sign up now! Profit First by Mike Michalowicz
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    17 mins
  • The Hidden Costs of Employment

    The Hidden Costs of Employment
    May 4 2025
    284: The Hidden Costs of Employment s

    Joining me is Jessica Harling, founder of Behind the Design. Jessica is a seasoned expert in employee and process development, specializing in recruitment, training, and change management for design organizations. Her work helps businesses streamline costs, increase productivity, and develop high-performing teams.​ In this episode, we'll discuss practical business strategies for interior designers for effective hiring, onboarding, and retention to ensure your team thrives.​ Enjoy the conversation!

    Topics Mentioned:

    • Employment

    • Strategy

    • Accountability

    • Employee Training

    Key Thoughts:

    • Fears are normal. How we analyze them and deal with them is determinate based on the strategy that we have for our business. Michele Williams

    • You still need, as the manager, the owner, to be able to either prepare or have an oversight over that plan and not just delegate or dump it to another person and not know what they are covering. Jessca Harling

    • We're not executing with success. We're executing within the moments of the day, and what feels good today, but today's feel good might not line up with tomorrow's plan and goal. Michele Williams

    • Look at the strategy of the process, the finances and things like that before you make a reactive decision to jump and add someone on. Jessica Harling

    Contact Michele:

    • Email: Team@ScarletThreadConsulting.com

    • Facebook: Scarlet Thread Consulting

    • Instagram: @ScarletThreadATL

    • Website: ScarletThreadConsulting.com

    • LinkedIn: Michele Williams

    Contact Jessica:

    • Email: jessica@gobehindthedesign.com

    • Facebook: @BehindtheDesign

    • Instagram: @GoBehindtheDesign

    • Website: GoBehindTheDesign.com

    • LinkedIn: @BehindTheDesign

    References and Resources:

    • Work with Me

    • The Designers' Inner Circle - Become a Member Today

    • CFO2Go
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    1 hr
  • Implementing Profit First with Success

    Implementing Profit First with Success
    Apr 20 2025
    283: Implementing Profit First with Success Welcome to the podcast! Today, we’re talking about Profit First—a powerful money management system that is proven to boost interior design business profit. If you're making money but never seem to keep it, or constantly juggling funds, you're not alone. We’ll show you how Profit First helps you separate money with purpose, avoid the “robbing Peter to pay Paul” cycle, and make smarter financial decisions. Whether you're just launching or scaling your design business, this episode is packed with strategies to help you pay yourself first and grow a more profitable interior design business. Topics Mentioned: Profit First Money Management Sustainability Financial Strategy Key Thoughts: What Profit First is really trying to do is put you in the mindset that we want the business to live within the means of what the business can afford to live in, so that we're not spending money that the business truly doesn't have. Michele Williams It is being able to separate out your money into bank accounts where it can then be looked at in smaller chunks with a purpose in mind, so that we're not overspending on the wrong things. Michele Williams The more that we can plan for profit and be very clear on where the money is coming in and going out, the more that we have the power to actually use those numbers to move us forward. Michele Williams The very first thing is to truly understand how money flows in and out of your business, and that means the amount, the timing, and the revenue recognition. Michele Williams Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL Website: ScarletThreadConsulting.com LinkedIn: Michele Williams References and Resources: Work with Me The Designers' Inner Circle - Become a Member Today Master Your Profit course Profit First by Mike Michalowicz Profit is a Choice episode 248: All Roads Can Lead to Profit Profit is a Choice episode 189: Reviewing Your Profit First Strategy Profit is a Choice episode 092: How to Start Profit First with No Profit in Your Design Business A Well-Designed Business-The Power Talk Friday Experts by LuAnn Nigara
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    17 mins

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