Find Success Strategies for Your Business!
You need proven systems that will create business growth and increase profitability.
This 5 part series of quick 3 minutes videos will give you the most common areas in your business that you currently have hidden profits that you are missing out on.
Profit Leaks series Video #2:
If you like to read instead of watch, well, I’ve included the transcript below, so you can check that out too.
Don’t forget that I am running a free webinar full of strategies that you can take and use in your business right away, so sign up for that at http://www.BusinessProfitStrategies.com/Webinar12.
Profit Leak #2 Video Transcript
Hi Paul Monax The Business Leak Detector.
Here at Business Profit Strategies we help small business owners just like you to grow the profits in your business by finding the leaks in your business before they hemorrhage and in turn into an emergency.
The top five profit leaks in your small business series part 2.
Today’s leak is part two in a series of five that I’m running on the various areas where you might be leaking profits in your business.
These are areas that you need to be looking into and checking to figure out if your business is leaking in those areas and they might contain some kinda you know low hanging fruit.
They have hidden profits that you’re missing out on in your business now if you missed yesterday’s Leak number one we should go check that video out too but today Leak number two were talking about revenue.
What’s the average ticket for sale in your business?
What’s the average lifetime value for the customer?
What’s the value of your top 10 percent or your top 20 percent of your customers?
If you don’t know those numbers then maybe you should take a look and figure out what those numbers are your business.
So that’s it for a Leak number two today revenue come on back tomorrow and check out leak number three but right now.
What I want you to do is to take action.
Take action on your business and learn from this leak that I just gave you leak number two revenue.
Think about what’s the most relevant statistic, number, calculation you can do based on your particular business and figure out the current state.
Where are you today in your business at this very moment.
Then what I want you to do is take that number write it down and posted along with today’s date on somewhere where you’re gonna see it on a regular basis.
Your computer monitor, your bathroom, near your fridge whatever the case may be just somewhere that you’re gonna see it on a regular basis and then add a reminder to your calendar for 30 days from now to rerun that number and compare it to where you are today.
So you can see what kinda progress you’re making and then you need to celebrate that progress because always best to celebrate your progress and give yourself kudos for the progress that you’re making.
Alright that’s it for leak number two today revenue come on back tomorrow and check out leak number three.
I really hope this lessens been helpful for you and provides you with at least one or two nuggets that you can take away and implement in your business right now today.
Now don’t forget to subscribe to my YouTube channel here for other tips tricks tactics and strategies for your business at YouTube.com/user/PaulMonax
and if you click on the link down below in the description right now you can head on over to my website at BusinessProfitStrategies.com/Webinar12
and you can sign up for another hour free strategies for your business.
Thanks a bunch and have a profitable day!