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964. How To Stop Spending Money And Avoid The 4 ‘Money Leaks’ That Are Killing Your Business

964. How To Stop Spending Money And Avoid The 4 ‘Money Leaks’ That Are Killing Your Business

FromThe Kelly Roach Show


964. How To Stop Spending Money And Avoid The 4 ‘Money Leaks’ That Are Killing Your Business

FromThe Kelly Roach Show

ratings:
Length:
19 minutes
Released:
Oct 23, 2023
Format:
Podcast episode

Description

Kelly addresses how to stop spending money and the four hidden ways your business may be losing money. Inflation is on the rise, but price increases can be tricky. We explore when and how to adjust pricing or find alternative solutions. Learn how team time can be misused and how conducting a time audit can boost productivity. Discover the untapped potential within your existing leads and customer base and how nurturing relationships can create sustained growth. Small tweaks and innovative thinking can significantly enhance your bottom line. Tune in and start plugging those profit-draining holes today. Also in this episode:  Inflation And Price Increases: Assess whether your customers are getting significant results compared to their investment before considering a price increase. Leveraging Higher-Tier Offerings: Explore opportunities to promote your higher-tier products or services more effectively to maintain profitability without raising prices across the board. Retention And Renewals: Focus on keeping existing customers engaged and satisfied to save on acquisition costs. Team Time Management: Audit how your team spends their time to identify non-productive activities and streamline their efforts toward profit-producing tasks. Wasted Marketing Dollars: Instead of solely focusing on lead generation, concentrate on improving conversion rates, engagement, and relationship-building with your existing leads and customers. Addressing Profit Leaks: Regularly assess your business processes, such as credit card fee management and follow-up on payment collections, to plug profit leaks and enhance overall profitability.     Stay Connected With Kelly Roach:  Instagram | LinkedIn | Facebook | Youtube | Kellyroachcoaching.com | Email: kelly@kellyroachcoaching.com   Grab One Of Kelly's Roach's Bestselling Books: Unstoppable: 9 Principles for Unlimited Success in Business and Life Conviction Marketing Bigger than You: The Entrepreneur's Guide to Building an Unstoppable Team The Live Launch Method   This Podcast Is Produced, Engineered & Edited By:  Simplified Impact
Released:
Oct 23, 2023
Format:
Podcast episode

Titles in the series (100)

The Unstoppable Entrepreneur Show, formerly Unstoppable Success Radio, exists to inspire and equip overworked entrepreneurs to step into the role of 7+ figure CEO, with cutting edge marketing strategy, timeless business principles, and the psychology behind scaling exponentially. Tune in each week to learn from Kelly Roach, a former Fortune 500 executive and NFL cheerleader turned multimillion-dollar business growth strategist. In each episode, Kelly shares the truth about what it takes to grow a multimillion-dollar company, the strategies that are working TODAY, and the business principles most of the entrepreneurial world tends to ignore. In addition to weekly solo episodes, where Kelly shares the up-to-date practices necessary to turn 6-figure years into 6-figure months, she’ll also be interviewing industry leaders, trailblazers and disruptors like Jay Abraham, Ali Brown, and Chalene Johnson to give listeners the inside scoop on what it takes to build an empire. Don’t miss an episode, subscribe today for everything you need to make 7-figure leaps in your business, year after year!