Ep. 45 – Lack of profit isn’t always just related to numbers! (Hidden Profit & Time Saboteurs 1 of 3)
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Whether it’s a recession or any instability, most business owners struggle to increase their profit levels and regain precious time in their agendas. Too often we get buried in the day-to-day activities of running our businesses to see that we are leaving money on the table or wasting time. These are the true ‘hidden’ saboteurs.
In this 3-part series, I’ll share 3 big profit and time saboteurs.
Not only will I demonstrate at least 3 ways that each shows up in your business, but I’ll also share strategies that you can implement immediately to get some quick wins!
The first saboteur that I discuss is what I call – PROFIT MISALIGNMENT and it shows up as:
- Misalignment and disconnect from your vision.
- Data deficiency.
- Financial abdication.
Here’s the graphic of my GROW Equation.
ACTION PLAN to avoid Profit Misalignment
1. Use the mad libs formula to create your Vision Statement here and join me on Jan 3rd for the Bubbles & Vision Workshop – mark your calendar – dive deeper.
2. Schedule a monthly and quarterly planning session with yourself and review the 7 Quarterly Questions to ask yourself (PDF).
3. Take responsibility for your finances – learn how to read your statements – get statements regularly – learn to love your numbers.
BTW – did you notice that Profit Misalignment is the opposite of “R” Ramp up your profits – grow equation formula??
Would love to hear your feedback…. Please leave a voice message using my new SpeakPipe link here.
Can’t wait to hear how this episode might impact your business by Leaving me your voice message feedback here.