There are technical answers and practical answers. In this episode, I provide a practical interpretation of the difference between profit and revenue in today's episode. Revenue refers to how well a business can market and sell its products and services. Profit refers to how well a company operates. As an owner, the math is essential, but the concepts behind revenue and profit are far more critical if you want to move your business through the Cash Flow Quadrant for Business Owners (see link below). By understanding what revenue and profit represent, you put yourself in a position to understand the strategies and tactics needed to get a better result. Experience has taught me that numbers don't tell the whole story. It's the details between the numbers that matter.
Watch this episode on YouTube:
https://youtu.be/XnbgKCa8veA
Cash Flow Quadrant for Business Owners
https://wp.me/p2Ckbx-1BD
Want to chat? Book a time: http://bit.ly/2rdDto2
Follow Dylan on Twitter:
@dylangallagher
Connect with dylan on LinkedIn at:
https://www.linkedin.com/in/gallagherdylan
Growing your business? What you need to know about debt and equity
What does the collapse of Silicon Valley Bank (SVB) mean for business owners?
Use negative review to get positive results
How to find new revenue streams
How to get new clients and grow revenue
Why should employees be shareholders in your business
Some thoughts on buying out a business partner
How to get 100% out of your business
Grow a business that can run without you - Part 3
Grow a business that can run without you - Part 2
Grow a business that can run without you - Part 1
How business owners create value
How to use a recession to improve your business
How to sell faster
How to market your business faster
Why do business owners struggle?
How to set prices in your business
1 easy way to boost sales
How to buy a business - Part 3 of 3
How to buy a business - Part 2 of 3
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
The Commercial Edge: Unleash the Power of People
Organic Marketing Simplified: Master podcast marketing, fuel podcast growth, and make money podcasting!
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
The Money Mondays