))
175. Vendors that cut themselves are ideal vendors, focus on just one priority
Manage episode 419048545 series 3564764
Content provided by Nathan Platter. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nathan Platter 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://player.fm/legal.
Embark on a fiscal voyage with us as we navigate the treacherous seas of small business accounting. This episode throws a lifeline to those drowning in premium service fees, dissecting whether the $3,700 monthly outflow for tax prep, bookkeeping, and consulting holds water against our fitness studio's earnings. We hold a magnifying glass to these costs, comparing our spending against industry benchmarks, leading to startling revelations and a strategic pivot towards financial sustainability. As we chart this course, we express our heartfelt thanks to a vendor whose integrity shines, prioritizing our prosperity over their bottom line—a rare gem in the rough seas of commerce.
As our fitness studio muscles up to its capacity limits, we strategize on how to flex our business growth without adding more weight. Here's where we weigh the options of expansion against the benefits of refining our operations for a leaner, more powerful financial engine. We tackle the decision to bring payroll in-house and discuss the introduction of a virtual bookkeeping system, alongside annual tax service, to cut costs and invest our savings into what matters most—fueling our studio to its full potential and boosting our advertising's return on investment. Join us as we share the blueprint for cultivating a financial stronghold that supports not just a gym, but a thriving health empire.
Enter 070499 at checkout. Network and connect with other Acquisition Experts!
Learn DIY Due Diligence
Get training from an Acquisitions Attorney to become a DIY Due Diligence buyer!
SanterMedia - My goto Marketing Agency
My studio was struggling with leads and this agency goy my lead volume to 150% of goal.
Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.
Support the Show.
Chapters
1. 175. Vendors that cut themselves are ideal vendors, focus on just one priority (00:00:00)
2. Vendor Accounting and Financial Strategy Update (00:00:33)
3. Business Strategy and Growth Optimization (00:13:23)
276 episodes
Share
