122 - Top 5 Tips to Boost Profits and Save Time
Update: 2025-03-26
Description
In this episode, Kirsten Flory shares five essential tips for small business owners to boost profits and save time. She emphasizes the importance of working on the business rather than in it, identifying profit-generating activities, and the value of delegation and outsourcing. Kirsten also discusses leveraging virtual assistance to enhance efficiency and productivity, ultimately encouraging business owners to focus on their strengths and maximize their time for greater profitability.
Key Takeaways:
- Identify whether you are working on or in your business
- List all activities you do for your business
- Circle only the activities that generate profit
- Use the 80/20 rule to focus on key activities
- Delegate tasks that do not require your direct involvement
- Consider hiring virtual assistants for efficiency
- Trust others to handle tasks better than you can
- Ask questions and seek advice from others
- Streamline processes to save time and effort
Kirsten Flory is the President & CEO of Foundations Commercial Real Estate and host of The Small Business Mindset.
Connect with Kirsten Here
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