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.
Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!
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
Subscribe to the Financially Simple Newsletter
Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.