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101: Andrew Carnegie's Secret to a Profitable Business
Manage episode 415919296 series 3455476
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Time-Stamped Show Notes- [00:00:30] Introduction to the importance of knowing your business's profitability.
- [00:01:30] Insights from Andrew Carnegie's autobiography on running a profitable business.
- [00:02:30] Discussion on old business practices and the evolution of profit tracking.
- [00:03:30] Detailed analysis of Carnegie's profit optimization techniques.
- [00:04:30] Application of these historical methods to modern business operations.
- [00:05:30] Step-by-step breakdown of analyzing the customer journey for profit optimization.
- [00:06:30] The critical role of measuring each aspect of the business process.
- [00:07:30] Encouragement to take a proactive approach to business management for increased profitability.
- [00:08:30] Final thoughts on the commitment required to truly optimize a business for profit.
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