Profit Margins: How to Raise Them

Profit Margins: How to Raise Them | The Mills Knows Bills Podcast Episode 33, Season 4 Link to video podcast episode: https://youtu.be/G5bPVlgrgHw Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions! In this episode of the MKB Podcast, Mills is once again joined by fractional CFO Christian Wilson. Together, they tackle a common financial challenge faced by variable income earners: understanding and improving gross profit margin. The pair offer practical advice on renegotiating costs and vendor relationships, strategies for scaling service businesses effectively, and emphasize the importance of aligning business goals with personal aspirations. Tune in to get the insights you need to make an informed choice for your business. Subscribe for more from Mills Bender and MKB on YouTube: https://youtube.com/@MillsKnowsBills Connect with Christian: [email protected] Do you have your own burning financial question for Mills or the MKB team? Contact her here: Email: [email protected] Website: https://MillsKnowsBills.com Instagram: https://instagram.com/@millsknowsbills LinkedIn: https://www.linkedin.com/company/mills-knows-bills   00:00 Introduction to Mills Knows Bills  00:49 Meet the Team and Today's Question 01:38 Understanding Gross Profit Margin 02:42 Improving Your Gross Profit Margin 06:26 Scaling Your Service Business 08:47 Aligning Business Goals with Personal Goals 10:53 Final Thoughts and Contact Information #financialpodcast #podcast #millsknowsbills #entrepreneurialfinance #smallbusiness #variableincome #profitmargin #scalingbusiness