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90 - Steps to Ensure Your Pricing, Markups, and Margins Are Profitable
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In this insightful episode, join hosts Christeen Era and Steve Bousquet as they delve into the critical topic of pricing strategies to ensure profitability in your business. As they navigate through the nuances of pricing markups and margins, they share a five-step approach designed to help businesses identify, understand, and rectify common pricing pitfalls. Whether you're grappling with understanding your costs, determining your markup, setting profitable prices, or regularly reviewing your pricing strategy, Steve and Christeen offer practical tips and strategies. They emphasize the importance of aligning your pricing model with your business's unique value proposition, exploring concepts such as gross and net margins, and ensuring that your pricing strategies are regularly reviewed and adjusted as necessary.
This episode is packed with actionable insights for business owners looking to enhance their financial literacy and create a sustainable profitability model. By focusing on understanding costs, setting strategic markups, and maintaining a vigilant eye on profit margins, this discussion provides a roadmap to financial success. Plus, they highlight the value of built-in upselling and the benefits of offering clear service packages to improve customer satisfaction and business efficiency.
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Green Profit Toolbox from The Profit First for Lawn Care and Landscape Businesses Book: https://profitfirstforlawncareandlandscape.com/#tools
Profitability Checklist: growgpa.com/chkprofitability
Green Profit Academy Business Triage Response Path is a 6-Week coaching program to get your business back on track fast. First, our assessments will narrow down the top three things you need to fix, then our experienced industry coaches will help you focus on stopping the bleed and getting back on track. growgpa.com/triageresponse
The Green Profit Academy Pros Podcast digs into the challenges in growing a Lawn Care and Landscape business while maximizing your profit. Christeen Era, and Steve Bousquet. are green industry experts in profit, growth, and leadership.
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