EPISODE · Jan 20, 2022 · 23 MIN
Growth vs. Profitability
from Virtual Frontier · host Biljana Ognenova, Biljana Stojanovic, Manuel Pistner, Dani Guaper, Zenek Mendez
In our session today we are going to talk about Growth vs. profitability. Growth and profitability are both important components when we talk about the success of a company. But what comes first growth or profitability? How do you get profitable quickly without burning money and resources for years while growing your organization? What can you do to build a scalable and resilient business model? These and more questions we will tackle. ▬▬▬▬▬▬▬▬▬▬▬▬▬ 💡 QUESTIONS AND VIEWS HIGHLIGHTED IN THIS EPISODE: What comes first growth or profitability Tackling imbalance between growth and profitability Adding permanent value Building a scalable business and resilience Benefits of working with virtual teams ▬▬▬▬▬▬▬▬▬▬▬▬▬ ♨ EXCERPTS YOU MIGHT WANT TO JUMP IN 00:00 Intro 01:40 What comes first? 03:40 Stop burning money 06:10 Profitable without growth 09:20 Adapt the business model 15:40 Adding new value constantly ▬▬▬▬▬▬▬▬▬▬▬▬▬ Flash Hub provides tools, workflows, and skills to hire freelance experts and set up your first team in a matter of days. Develop virtual leadership skills, solve the digital agency hamster-wheel issue, and build freelance teams with ease. We have selected best practices and the most helpful skills you need to work smart, less, and grow a digital business that is easy to sustain you can work on from virtually anywhere. ▬▬▬▬▬▬▬▬▬▬▬▬▬ Visit FLASH HUB to get free access to the virtual business builder training. Learn how to build, grow, and scale your business with virtual teams and global freelancers in this free training. ▬▬▬▬▬▬▬▬▬▬▬▬▬ For our international community. This is an English episode and you can find the transcript of this conversation now in more than 20 languages, on our Blog, at HappyScribe Public, or watch the video with subtitles for this episode on our YouTube Channel. You'll find all the links in the show notes below. ▬▬▬▬▬▬▬▬▬▬▬▬▬ 🔗 LINKS & HINTS IN THIS EPISODE Follow us on Facebook and engage in our daily discussions: ✅ FACEBOOK Connect with us on LinkedIn: ✅ LINKEDIN Support Virtual Frontier show on Patreon: ✅ PATREON Find the transcripts to this episode on Happyscribe: ✅ HAPPYSCRIBE Drop us a message: ✅ PODCAST EMAIL: [email protected] ✅ BLOG #Growth #Profitability #GrowthvsProfitability #ProvidingValue #flashhub #virtualfrontier #remotework #virtualteams #MadeOnZencastr
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What this episode covers
In today's #AskTheCEO session we are going to talk about the terms growth and profitability. Both are indicators of success in most organizations. How they are interrelated, what comes first, and how to balance between growth and profitability, you can find out in this episode.
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Growth vs. Profitability
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