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3. Choose Wisely: The Revenue or Profit Game

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Manage episode 409232497 series 3555569
Content provided by Kevin D Bannister. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kevin D Bannister or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In this episode of the KBB Unstoppable Business Owner podcast, Kevin D Bannister delves into the distinction between focusing on revenue and prioritising profit, terming it 'the revenue or profit game.' He illustrates how businesses often get caught up in the excitement of increasing sales and fail to focus on the actual profits, leading to a cycle of overspending without sustainable growth.

Through examples like Victoria Plum, Kevin discusses the pitfalls of aiming for top-line growth at the expense of profitability, including the dangers of vanity metrics and the importance of understanding underlying financials. He offers a three-step approach to pivot towards playing the 'profit game,' emphasising mastering numbers beyond sales, aligning sales processes with profitability, and scaling smartly. Kevin concludes by underscoring that revenue is a lagging indicator, whereas profit is a leading one, urging businesses to prioritise sustainability over fleeting growth.

Subscribe & Review

If you enjoyed this episode please subscribe or follow and leave a rating and review wherever you listen to your podcasts to support the KBB Unstoppable Business Owner Podcast. Reviews help in reaching more audiences and enabling more business owners to benefit from the valuable insights shared in each episode.
When you are ready here are 3 ways you can get more help/support:

  1. Join our workshop on How To Become An Unstoppable Business Owner.
  2. Download "The KBB Unstoppable Guide" and put an end to being overworked, low fees, and finally be paid what you’re worth, starting today…
  3. Connect with me on LinkedIn - send me a message and say hi, I would love to find out more about you and what kind of support you may need. Connect here
  continue reading

8 episoade

Artwork
iconDistribuie
 
Manage episode 409232497 series 3555569
Content provided by Kevin D Bannister. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kevin D Bannister or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In this episode of the KBB Unstoppable Business Owner podcast, Kevin D Bannister delves into the distinction between focusing on revenue and prioritising profit, terming it 'the revenue or profit game.' He illustrates how businesses often get caught up in the excitement of increasing sales and fail to focus on the actual profits, leading to a cycle of overspending without sustainable growth.

Through examples like Victoria Plum, Kevin discusses the pitfalls of aiming for top-line growth at the expense of profitability, including the dangers of vanity metrics and the importance of understanding underlying financials. He offers a three-step approach to pivot towards playing the 'profit game,' emphasising mastering numbers beyond sales, aligning sales processes with profitability, and scaling smartly. Kevin concludes by underscoring that revenue is a lagging indicator, whereas profit is a leading one, urging businesses to prioritise sustainability over fleeting growth.

Subscribe & Review

If you enjoyed this episode please subscribe or follow and leave a rating and review wherever you listen to your podcasts to support the KBB Unstoppable Business Owner Podcast. Reviews help in reaching more audiences and enabling more business owners to benefit from the valuable insights shared in each episode.
When you are ready here are 3 ways you can get more help/support:

  1. Join our workshop on How To Become An Unstoppable Business Owner.
  2. Download "The KBB Unstoppable Guide" and put an end to being overworked, low fees, and finally be paid what you’re worth, starting today…
  3. Connect with me on LinkedIn - send me a message and say hi, I would love to find out more about you and what kind of support you may need. Connect here
  continue reading

8 episoade

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