Brian KaskavalciyanCo-Founder, The Wealthy Contractor Inc. · I want to help you create more Success, Wealth and Freedom!

The ONE Question You Need to Answer to Be Profitable

Name: The ONE Question You Need to Answer to Be Profitable
Uploaded: 2023-11-29T13:00:07+00:00
Duration: 21 s
Channel: Brian Kaskavalciyan
Description: In this brief segment, the speaker addresses business owners who are unclear about their pricing models and gross margins. He notes that many…

29 Nov 2023 · 0 min

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In this brief segment, the speaker addresses business owners who are unclear about their pricing models and gross margins. He notes that many entrepreneurs don’t know what their gross margin should be and are often asked how much profit they should aim for. The speaker’s core answer is simple: the amount of profit a business should generate depends on how much money the owner personally wants to make. This highlights a personalized approach to profitability, emphasizing that profit targets are driven by the owner’s financial goals rather than a one‑size‑fits‑all metric.

a lot of companies just kind of stuck in terms of, I don't really know what my pricing model is. Obviously every company has their pricing structure, but there were some business owners that didn't really understand what were my gross margins, what should they be? I was asked several times, you know, well, how much money should I make? And my answer was always, well, how much money do you want to make? That's the really cool thing about going into business on your own.