Ep. 45 – Lack of profit isn’t always just related to numbers! (Hidden Profit & Time Saboteurs 1 of 3)

September 22, 2022

Whether it’s a recession or any instability, most business owners struggle to increase their profit levels and regain precious time in their agendas.  Too often we get buried in the day-to-day activities of running our businesses to see that we are leaving money on the table or wasting time.  These are the true ‘hidden’ saboteurs.

In this 3-part series, I’ll share 3 big profit and time saboteurs.  

Not only will I demonstrate at least 3 ways that each shows up in your business, but I’ll also share strategies that you can implement immediately to get some quick wins!

The first saboteur that I discuss is what I call – PROFIT MISALIGNMENT and it shows up as:

  1. Misalignment and disconnect from your vision.
  2. Data deficiency.
  3. Financial abdication.

Here’s the graphic of my GROW Equation:

 

ACTION PLAN to avoid Profit Misalignment

 

1.  Use the mad libs formula to create your Vision Statement here and join me on Jan 3rd for the Bubbles & Vision Workshop – mark your calendar – dive deeper.

2.  Schedule a monthly and quarterly planning session with yourself and review the 7 Quarterly Questions to ask yourself (PDF).

3.  Take responsibility for your finances – learn how to read your statements – get statements regularly – learn to love your numbers.

BTW – did you notice that Profit Misalignment is the opposite of “R” Ramp up your profits – grow equation formula??

Would love to hear your feedback…. Please leave a voice message using my new SpeakPipe link here.

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About Diana Lidstone

Diana Lidstone coaches entrepreneurs to accelerate growth and increase profits while freeing up more time for the things they love. Best-selling author, speaker, and podcast host of the G+R+O=W Equation Podcast, Diana transforms frazzled, overworked business owners into profitable, overjoyed CEOs.

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