Episode 395
5 Hidden Costs of Focusing on Revenue Instead of Profit
In this episode of the System Saved Me® Podcast, I had the pleasure of interviewing Belinda, an expert in personal and business finance with over 16 years of experience. Belinda shared her journey of transitioning from personal finance to helping entrepreneurs understand the financial side of their businesses. She emphasized the importance of focusing on profit rather than just revenue, highlighting the pitfalls of solely chasing revenue without considering profitability.
TIMESTAMPS:
00:00:00 - Introduction to Revenue vs. Profit
00:05:30 - Belinda's Personal Experience: Belinda shares her personal experience of focusing on revenue over profit in her business and the consequences it had.
00:10:23 - Problems of Focusing on Revenue:
00:20:36 - Importance of Looking at Numbers
00:27:03 - Clarity and Power of Profit Focus
00:30:09 - Pay Yourself Calculator
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