68. Three Profit Killers And How To Avoid Them - Benji & Igor

To apply for a Business Assessment with Breakthrough Academy click here: https://trybta.com/PCEP68   Your business is a “For-Profit Entity”.   Profits are a slippery business though. Sometimes it can feel like what you made on paper and what is in your bank account don’t quite line up.   Sometimes top-line growth doesn’t translate to bottom-line growth.  And sometimes it's only a few expense categories on our P&L that are giving us all the headache. Listen to the full episode and we’ll show you where and how contractors most commonly destroy their year-end profits Episode Highlights: Why it’s so easy for your overhead efficiency to spiral out of control and the best way to track your overhead deliverables The difference between managing expectations in your "Ditch Diggers" vs managing expectations with your more abstract roles Managing increasing material costs and why you NEED to take action in your business to mitigate them and not just accept tightening margins The two kinds of companies when it comes to addressing inflation and why one thrives while the other fails Why writing off big expenses at the end of the year to offset your tax bracket is a bad move How your ego can tank your financials if you aren’t very careful See omnystudio.com/listener for privacy information.