The Profit Assessment: How One Founder Doubled Their Monthly Profitability, and the Steps You Can Take To Do the Same

"Increasing sales is not the solution to profitability."   Sarah recently shared on Social Media that one of her clients increased their July profit - year over year - from $19,000 to over $43,000.   It got lots of hearts and clap emojis, and one reply that said “this is so inspiring - how did they do it?”   In this episode, Sarah shares all of the details of how her client doubled their profitability. She walks Chelsea through the process of using a Profit Assessment to easily analyze the business, pinpointing what could (and should) be changed to improve profitability, the planning process, and how the founder successfully executed change.    You’ll also learn: Why “selling more” was not part of this founder’s strategy for increasing profitability How and when increasing revenue can actually make your profitability and cash flow worse Tactics for balancing growth with cost-saving methods as you work to increase profits The reason Sarah always starts her process with a Profit Assessment, and the actionable insights the Profit Assessment provides Why the “check and adjust” cycle is crucial to building a financially successful food business   … and more! Ready to dig into this work inside your food business? Take the Profit Assessment.   The Good Food CFO Book Club: 4000 Weeks by Oliver Burkeman Grab your copy in our Book Shop RSVP for our Live Discussion on Sept. 18th   Stay Connected! Instagram: @TheGoodFoodCFOYouTube: @thegoodfoodcfo Join us in The Good Food CFO Community    This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thegoodfoodcfo.substack.com