In this episode of The Business Coach podcast, host David Finkel dives into the crucial financial KPI, gross profit margin. He explains how understanding and leveraging this metric can significantly increase business profitability. David shares real-life examples, practical advice, and actionable strategies for identifying the most profitable products, clients, and services. He also highlights the importance of benchmarking and how to set up your accounting software to track gross profit effe...
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In this episode of The Business Coach podcast, host David Finkel dives into the crucial financial KPI, gross profit margin. He explains how understanding and leveraging this metric can significantly increase business profitability. David shares real-life examples, practical advice, and actionable strategies for identifying the most profitable products, clients, and services. He also highlights the importance of benchmarking and how to set up your accounting software to track gross profit effe...
Master the Art and Science of Pricing | The Business Coach - Episode 69
The Business Coach
29 minutes
3 months ago
Master the Art and Science of Pricing | The Business Coach - Episode 69
In this episode of The Business Coach Podcast, host David Finkel delves into the intricacies of pricing strategies with Rich Wood, the coaching director for Maui Mastermind. They discuss how to intelligently set prices using three key strategies: pricing from the inside out, the outside in, and value-based pricing. They also address the common fears businesses have around raising prices and share actionable insights on how to handle price increases without losing customers. Additionally, they...
The Business Coach
In this episode of The Business Coach podcast, host David Finkel dives into the crucial financial KPI, gross profit margin. He explains how understanding and leveraging this metric can significantly increase business profitability. David shares real-life examples, practical advice, and actionable strategies for identifying the most profitable products, clients, and services. He also highlights the importance of benchmarking and how to set up your accounting software to track gross profit effe...
