Uncover practical tips on profit management, smart pricing, and sustainable growth strategies. Looking to perfect processes and improve operational efficiency? Check out this episode:    • Gain a Competitive Edge with Efficien...  

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⏲ Video Chapters
0:00 Introduction to the episode and guests
0:54 Definition of gross profit and its importance in business
01:31 Factors influencing profit and loss, control over expenses
03:05 Importance of managing direct labor costs
03:56 Gross profit calculations and managing fixed costs
05:22 Raising prices and its impact on business
06:42 Reallife example of effective pricing strategy
07:56 Implementing operational efficiencies in the field
09:34 The critical role of business education and planning
11:07 Misconceptions about revenue and expense management
12:43 What the guests love about Jobber
14:10 Sharing business financials with employees
17:03 Owner involvement in field operations
18:39 Strategies for employee coaching for operational efficiency
19:11 The significance of net profitability for business growth
21:03 Misconception of high profitability for smallscale operations
22:29 Balancing marketing expenses and net profits
23:39 Evaluating marketing investments and their impact on growth
24:24 Needing a solid business model before scaling
25:07 Adjusting business strategies for sustainable growth
26:01 Adam’s takeaway tips: raise your prices, build time into your calendar to know your numbers, and bring your employees into the financial conversation

Check out the businesses that were featured in this video!
Christine Hodge, Clearview Cleaning | https://www.instagram.com/clearviewwa...
Dave Moerman, Revive Services and Home Service Business Coach | https://www.instagram.com/homeservice...
Adam Sylvester, Charlottesville Gutter Pro’s & Charlottesville Lawn Care | https://adamsylvester.com/

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