22: Stop the Profit Bleed with Vicki Suiter - Profit by Design Podcast

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  • 22: Stop the Profit Bleed with Vicki Suiter
  • 22: Stop the Profit Bleed with Vicki Suiter

    Do you know if you have a profitable business? You may think you do, and only find out at the end of the year that you’re barely breaking even. Today’s guest emphasizes that we need to build profit into our budgeting and we need to go beyond breaking even.

    Do you know if you have a profitable business? You may think you do, and only find out at the end of the year that you’re barely breaking even. Today’s guest emphasizes that we need to build profit into our budgeting and we need to go beyond breaking even. 

    Vicki Suiter is the author of the new book, The Profit Bleed. As an author, business consultant and coach Vicki has been proving for 25 years that good market or bad, raging competition or not, any contractor or designer can run a healthy profitable business. She has been helping hundreds of businesses achieve that kind of success, by helping people to SEE things differently than giving them the tools they need to DO things differently. Vicki enables her clients to get a grip on their business vision from day one; then she shows them how to make that vision a reality. Join us as we build on the topic of Breaking Even to Thrive.

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    Show Highlights:

    • Vicki’s background and how she came to writing The Profit Bleed
    • Intimidation with numbers 
    • Numbers we should be paying attention to in our businesses
    • What Vicki recommends for contractors to not feel ashamed to ask for help
    • Labor prices and how they are changing and what that means for the future
    • How confidence in your numbers translates into higher value for your client
    • Product management, controls that can be put in place, things to track, and meetings to have to run profitable projects
    • The 2 Week Look Ahead and cost to complete are critical things to help you stay in front of where a project is headed.
    • Tips to get your team on board
    • Tips from Mike

     

    Resources:

    Check out the conversation between Mike and Sabrina that 95% of entrepreneurs never have!

    Profit by design Facebook group

    Email: sabrinandmike@profitbydesignpodast.com

    4 Week Vacation Jumpstart Free Guide & Retreat Waitlist

    The Profit Bleed by Vicki Suiter for Free! Click Here

    Vicki Suiter’s Website

    Sponsors:

    Tap the Potential Leadership Bootcamp Program

    Tap the Potential website

    Contractor Business Solutions – Small Business Consulting Group Website