E016 - How to Guarantee 20% Profit from your Business, a deeper dive into the 50-30-20 Rule
Description
Do you know what to do when profit is too low? What about if it’s too high? Learn how to identify cash flow issues, fix them and better implement the 50-30-20 Rule to guarantee 20% profit from your business with Nikole Mackenzie and Scotty 'OKR' Scarano on the Cash Flow Show!
Chapters:
0:00 Teaser
01:27 Introduction
03:42 COGS Recap
08:06 Example Service Based Business
11:03 Partnership Example
15:06 Profit too low
18:34 Profit is too High
20:05 Fix 1: Price Increase
22:27 Fix 2: Reduce Costs
24:53 Fix 3: Deliver Faster
27:19 Fix 4: Do More with Less
29:21 Overhead is Too High
35:22 Conclusion
Connect With Us On Linkedin!
Nikole Mackenzie
https://www.linkedin.com/in/nikolemackenzie/
Momentum Accounting
https://momentumaccounting.com/
Scotty OKR Scarano
https://www.linkedin.com/in/scottscarano/
Padgett NC
https://www.padgettnc.com
Accounting High
https://www.linkedin.com/company/accounting-high/
https://www.accountinghigh.com/
United States
