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340: How to Increase Your Personal Income: Focus More on Profit and Less On Revenue
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Welcome back to the Strategy Hour Podcast! Today’s episode is mostly for the listeners out there whose businesses are under the $500k a year earning mark but who have this possibility on the horizon. We want to talk to you about the growth that happens around this point and for you to ask yourself whether you really need to keep growing. The reason this is an important question is that as you scale past $500k you actually may not increase your profits.
This law of diminishing returns is something we have experienced at Boss Projects as we grew. What does it really mean to have a seven-figure business? The answer might not be quite what you expect. In order to get you ready for these possibilities, we will be talking accounting and the different ways that making money works in your business. So if you are ready to start making your revenue work for you and to keep your profits up, listen in, we cover it all!
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