68. Three Profit Killers And How To Avoid Them - Benji & Igor

To apply for a Business Assessment with Breakthrough Academy click here: https://trybta.com/PCEP68

 

Your business is a “For-Profit Entity”.  

Profits are a slippery business though.

Sometimes it can feel like what you made on paper and what is in your bank account don’t quite line up.  

Sometimes top-line growth doesn’t translate to bottom-line growth. 

And sometimes it's only a few expense categories on our P&L that are giving us all the headache.

Listen to the full episode and we’ll show you where and how contractors most commonly destroy their year-end profits

Episode Highlights:

• Why it’s so easy for your overhead efficiency to spiral out of control and the best way to track your overhead deliverables
• The difference between managing expectations in your "Ditch Diggers" vs managing expectations with your more abstract roles
• Managing increasing material costs and why you NEED to take action in your business to mitigate them and not just accept tightening margins
• The two kinds of companies when it comes to addressing inflation and why one thrives while the other fails
• Why writing off big expenses at the end of the year to offset your tax bracket is a bad move
• How your ego can tank your financials if you aren’t very careful

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