Simple Math, Huge Results: What's Your Profit Improvement Potential?
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ℹ ABOUT THIS EPISODE
Discover the Profit Improvement Potential hiding in your construction business!
Wade reveals the simple math that shows why chasing revenue kills profits and how small 1% improvements across key areas can dramatically boost your bottom line.
Learn why lowering prices requires 50% more customers to break even, but raising prices 10% lets you lose 25% of customers and still profit more.
This CFO-level analysis will change how you think about pricing, customer acquisition, and business value forever.
⌚️ Key moments in this episode:
- 00:00 Introduction to Profit Improvement Potential
- 00:58 Understanding Business Metrics
- 02:41 Strategies to Increase Revenue
- 08:25 Cost Management Techniques
- 09:52 Valuing Your Business
- 13:32 The Impact of Pricing on Profitability
- 17:58 Conclusion and Next Steps
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
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