))
Minimum Viable Resources
Manage episode 386290246 series 3482081
Content provided by Jeff Sauer and Chris "Mercer" Mercer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jeff Sauer and Chris "Mercer" Mercer 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.
Topics Covered In This Episode
- The Concept of "Minimum Viable Resource": Mercer introduces a lean approach to testing business ideas with the least resources necessary, prompting a conversation on cost-effective strategies for validating new business concepts.
- Smart Resource Allocation: Jeff Sauer recommends utilizing affordable platforms like Fiverr for tasks that require less expertise, maximizing profit margins while keeping client charges steady.
- Profit-Driven Processes: Sauer reveals a key business insight—distinguishing between contractor labor costs and system costs, a strategy that has led to higher profitability in his ventures.
- The McDonald's Model for Business: Drawing inspiration from the fast-food giant, Sauer discusses the power of a well-oiled system in delivering consistent results and simplifying talent recruitment, sharing how a similar model streamlined operations at his agency.
- Analyzing Profitability for Growth: The hosts explore the importance of a thorough service line profitability analysis, with Sauer detailing his approach to specializing and optimizing costs for better financial outcomes.
- Innovative Solutions to Scale: As the conversation progresses, they delve into overcoming scaling challenges, such as managing payroll through economic downturns and leveraging AI to maintain operational efficiency.
Have a question or feedback about Business Unfiltered. Record an audio message https://s.bcast.fm/business-unfiltered-with-chris-mercer-and-jeff-sauer?episode=q803vrqn
63 episodes
Share
