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3 Profit Boosting Strategies for Your Business

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 Efficient Ope...   --------------------------------------------- 🔥 Start a free trial with Jobber: https://bit.ly/3FVfuQs --------------------------------------------- ⏲️ 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 Real-life 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 small-scale 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/ --------------------------------------------- Jobber helps your business run smoothly for you and your customers. Save yourself a day’s worth of work each week you’d otherwise spend managing leads, sending estimates, scheduling work, invoicing, and getting paid. That’s why Jobber is trusted by more than 200k home service pros. https://bit.ly/3FVfuQs