#101 What Really Makes You Profitable (Hint: It’s Not Timesheets)

Hey there! In this episode, I talk about what really makes you profitable. Hint: it's not timesheets. We discuss why relying on timesheets can be problematic, and how focusing on inputs rather than outputs can lead to inefficiency. Instead, we explore how maximizing revenue and minimizing costs can help drive profitability. I dive into the importance of positioning and pricing to attract the right clients and charge the right fees. We also explore how to minimize costs by being selective about the clients you take on and by leveraging intellectual capital within your team. Ultimately, we discuss how understanding employee motivation and harnessing individual strengths can help you get the best out of your team, and in turn, make them more productive and engaged. Listen now to learn how to reframe your thinking and drive profitability in your practice. You can get a copy of my book for FREE here: https://go.rezahooda.com/sales-pageoiyfi8wu  Click here to download 🤜 https://go.rezahooda.com/9stepframework If you're an accountant, join our community of 1000+accountants on Facebook where we share ideas, seek help and collaborate to build more profitable, successful and impactful accounting firms: https://bit.ly/3tQJG6M Sign-up to my monthly mentoring programme to join a group of dozens of other like-minded accountants and bookkeepers on the same journey! https://bit.ly/3Pt2mIa Check out my YouTube channel: https://bit.ly/3tMWElW