Episode 437: Down to Business 2 – How to Maximize Your Profit Margin

<p>Last week on the podcast we broke down what you need to know about being a personal brand versus the CEO of your business, and in today’s <em>Down to Business</em> instalment we’re discussing expenses. Get ready, because in this episode we’re revealing the ways that each expense will impact your profitability!</p> <p>If you enjoy this episode and it inspired you in some way, we’d love to hear about it and know your biggest takeaway. Take a screenshot of you listening on your device, post it to your Instagram Stories and tag me and Jilly, @jameswedmore and @jillycedeno.</p> <p>Don’t forget to grab your free 5x Your Business Performance Workbook that integrates the exercises, activities and to-do items from those powerful episodes at <a href= "https://www.mindyourbusinesspodcast.com/dtb" target="_blank" rel= "noopener">https://www.mindyourbusinesspodcast.com/dtb</a>!<br /> <br /> To get my FREE Goal-Setting Guide, <em>Breakthrough 2021</em>, head to <a href="http://jameswedmore.com/breakthrough" target="_blank" rel="noopener">http://jameswedmore.com/breakthrough</a> right now!<br /> <br /> Haven’t left a review yet? All you have to do is go to <a href= "http://jameswedmore.com/itunes" target="_blank" rel= "noopener">http://jameswedmore.com/itunes</a>, and thanks for your support of this show!</p> <p>I want to invite you to help contribute to this podcast by submitting a question for a #Q&AEdition of The Mind Your Business Podcast. All you have to do is go to <a href= "http://jameswedmore.com/QA" target="_blank" rel= "noopener">http://jameswedmore.com/QA</a> and record a question (under 4 minutes or less) that could be featured on an upcoming episode.</p> <p><strong>In this episode you’ll hear:</strong></p> <ul> <li>The different types of costs to be aware of, plus how they each will impact your profitability</li> <li>What is the right, and wrong question, to be asking in regards to expenses</li> <li>The best ways to build and manage a great team</li> <li>How to decide whether or not to spend money on something n