147: How to Increase Your Profits in the New Year with a Quick Evaluation of These 4 Things

I run a pretty lean business — meaning lower expenses, higher profit margins! I’m proud of that. That’s a PRO of online business, we can be lean! However, so often we overspend without even thinking about it. It’s easy to just spend, spend, spend! Shiny object syndrome is real. And most of us (myself included) did not study finance, accounting, and bookkeeping in any professional capacity. We might struggle to really SEE where our money is going. As we move into the new year, it’s the perfect time to evaluate what’s been happening in our business financially and what shifts we can make to improve our finances! Let’s look critically at our business’ finances today to see what shifts we can make to increase our profit margins! I am going to show you 4 areas to evaluate in your business finances to get your profits higher and spending lower for the new year! Think you want more financial tools to track this kind of stuff? Check out my resource, Profit Sheet! This is the tool I created and have used for years to track my business finances. You can track everything from tax payments, to what you pay yourself monthly, profit margins, and so much more! Buy it at https://elizabethmccravy.com/profit-sheet Links mentioned in this episode: - Get the blog version/full show notes for this episode: http://elizabethmccravy.com/147 - Get QuickBooks at 55% off: https://elizabethmccravy.com/quickbooks - Get Profit Sheet for your business: https://elizabethmccravy.com/profit-sheet - Connect on Instagram: https://www.instagram.com/elizabethmccravy/ - Shop Showit templates: https://elizabethmccravy.com/shop - Why You Shouldn’t Use Personal Venmo for Your Business: https://elizabethmccravy.com/88 If you're a new business owner who still doesn't have a website yet, I made something for you. It's a free 15-page guide that walks you through exactly what you need to launch your first website — what to skip, what actually matters, and the five steps to go from zero to live. No coding, no big budget, no perfection required. Plus you'll get 20% off my Showit templates inside! Get it FREE at https://elizabethmccravy.com/