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What To Do With Business Profits
Manage episode 430400576 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
- Mercer and Jeff examine business profits, discussing gross, net, and gross margin, and the implications of effectively managing these profits.
- They emphasize the importance of reinvesting profits for business growth and stability, highlighting the balance between investment and cash optimization.
- Next Jeff and Mercer explore strategies for building a strong business team, including effective hiring and the benefits of outsourcing to increase productivity.
- Managing and separating finances is crucial, they share insights on setting aside profits for personal use and separating personal and business accounts.
- The duo then discuss diversifying investments across various assets like stocks, small businesses, and real estate as a strategy for long-term growth.
- Finally, they stress becoming an owner rather than just an operator, with advice on investing in startups and prioritizing ownership for long-term success and wealth.
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=68rrvw58
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