In this episode Michele Williams will share her insights into a Profit First business methodology to leverage your money. Join us as we discuss strategies that you might implement in your business in order to be more profitable.
Michele is the owner of Scarlet Thread Consulting. She is a business strategist and coach serving the interior design industry including stagers and custom workrooms. Using her software development and interior design business background, she empowers her clients to own every aspect of their business. Michele partners with business owners to align their teams, ignite their processes and manage their money. Her goal is to help each business owner gain clarity, confidence and control so that they can reclaim their time and be passionate about their work. Michele is certified in Profit First and Fix This Next methodologies. She is an author, speaker and the host of the popular podcast, Profit Is A Choice.
In this episode you will learn:
How the Profit First Model helps you manage your money better
The importance of understanding and analyzing financial statements
How “backwards financials” help you determine what your sales goals need to be
What the “envelope method” is and how is it like the Profit First Method
How knowing your numbers should inform your pricing
What stagers and designers struggle with most in their pricing
Why knowing what others charge is only a part of the pricing equation
How to look at different ways to grow and scale your business- depending on your particular goals
What financial numbers stagers and designers need to know
What Michelle recommends before hiring
How home stagers should view inventory from a profit standpoint
The 4 things that people pay for
What Parkinson’s Law tells about financial spending
How to look at gross profit range for your particular company
Don’t miss this insightful show. Head over to iTunes and subscribe to Home Stagers and Designers on Fire
Xo Marianne
P.S. I would love your review! If you enjoy what I share in this episode, please leave a review and comment on iTunes. I would really appreciate it. Thanks!
Don’t miss this insightful show. Head over to iTunes and subscribe to Home Stagers and Designers on Fire
Connect with Michele
Website- https://www.scarletthreadconsulting.com/
Master Your Profit https://ej152.isrefer.com/go/chericomyp/cherico/ use promo code OWNIT and get $100 off the price
Understanding Your Financials https://ej152.isrefer.com/go/chericouyf/cherico/ use promo code OWNIT and get $100 off the price
Facebook–https://www.facebook.com/scarletthreadconsulting/
Linked In- https://www.linkedin.com/in/michele-williams-business-coach/
Instagram: @ScarletthreadATL
Pinterest-https://www.pinterest.com/scarletthreadconsulting/
Connect with Marianne:
Set up a coaching discovery session to see if coaching is right for you.
Website– https://coachingbymarianne.com
Join my FB Group- Fire Up Your Home Staging Business https://www.facebook.com/groups/fireupyourhomestagingbusiness/
Visit my FB coaching page- https://www.facebook.com/CoachingByMarianneCherico/
Join my Linked in Group- Interior Redesign, Decorating and Real Estate Staging Professionals here.
