Nov 19, 2020
In episode 313 of Financially Simple, Justin continues to examine the Profitability Gap, and how to reduce it.
Being Best in Class is no easy feat, it requires some tough choices and a resolute commitment to change some practices that might push Business Owners out of their comfort zone. In this episode, Justin looks at the different aspects of a business that can be adjusted to help reduce the Profitability Gap, with a real-world client as an example.
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00:58 - How to Bridge the Profitability Gap and Make More Profit
01:38 - What is the Profitability Gap (Recap)?
03:54 - Adjustable Factors
05:16 - Case Study
07:15 - How to Bridge the Gap
09:46 - Further Adjustments
12:39 - The Results
14:10 - Conclusion
16:09 - Wrap Up
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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