559. “Tips to Increase Profitability for Product Based Businesses” // COACHING SESSION

LISTEN TO THIS EPISODE IF YOU’RE UNSURE HOW TO KNOW IF YOUR BUSINESS IS MAKING PROFIT AND HOW TO MAKE IT MORE PROFITABLEIf you're looking at your sales and wondering where all the money is going... this one’s for you.This question came from Heather:“I struggle with figuring out ‘the numbers.’ Got any suggestions on how to track costs vs income? And how to actually increase profitability?”Inside this episode, we’re breaking down what profitability really means for a small product-based business and the biggest things most owners forget to track or prioritize.We go over:The difference between revenue and actual profitHow to understand your COGS, fixed costs, and variable costsWhat software can help (and how often to check your numbers)Why many business owners grow sales but not profitHow to think like a growth-focused CEO, not just a makerYou don’t have to be a “numbers person” to run a thriving brand. You just need clarity, systems, and the right benchmarks to guide smart decisions. Let’s make sure the numbers are working for you.TOPICS WE DISCUSS: Product Pricing Strategy, Business Profitability, COGS Breakdown, Operating Expenses, Financial Planning for Small BusinessJOIN THE SBG FREE COMMUNITY // ⁠CLICK HERE⁠FREE TRAININGS // ⁠CLICK HERE TO BROWSE⁠EXPLORE PROGRAMS & SERVICES// ⁠⁠⁠⁠CLICK HERE⁠⁠⁠⁠APPLY TO WORK WITH ME //⁠⁠⁠⁠CLICK HERE⁠⁠⁠FOLLOW MADI ON INSTAGRAM // ⁠⁠⁠@thisismadisonpaige⁠⁠⁠