Episode 437: Down to Business 2 – How to Maximize Your Profit Margin
The Mind Your Business Podcast
James Wedmore
4.9 • 1.8K Ratings
🗓️ 8 February 2021
⏱️ 72 minutes
🧾️ Download transcript
Summary
Last week on the podcast we broke down what you need to know about being a personal brand versus the CEO of your business, and in today's Down to Business instalment we're discussing expenses. Get ready, because in this episode we're revealing the ways that each expense will impact your profitability!
If you enjoy this episode and it inspired you in some way, we'd love to hear about it and know your biggest takeaway. Take a screenshot of you listening on your device, post it to your Instagram Stories and tag me and Jilly, @jameswedmore and @jillycedeno.
Don't forget to grab your free 5x Your Business Performance Workbook that integrates the exercises, activities and to-do items from those powerful episodes at https://www.mindyourbusinesspodcast.com/dtb!
To get my FREE Goal-Setting Guide, Breakthrough 2021, head to http://jameswedmore.com/breakthrough right now!
Haven't left a review yet? All you have to do is go to http://jameswedmore.com/itunes, and thanks for your support of this show!
I want to invite you to help contribute to this podcast by submitting a question for a #Q&AEdition of The Mind Your Business Podcast. All you have to do is go to http://jameswedmore.com/QA and record a question (under 4 minutes or less) that could be featured on an upcoming episode.
In this episode you'll hear:
- The different types of costs to be aware of, plus how they each will impact your profitability
- What is the right, and wrong question, to be asking in regards to expenses
- The best ways to build and manage a great team
- How to decide whether or not to spend money on something new in your business
- And more!
For full show notes and links, visit: https://www.mindyourbusinesspodcast.com/blog/437
Transcript
Click on a timestamp to play from that location
| 0:00.4 | You're listening to the Mind Your Business Podcast. |
| 0:03.8 | Today's episode is part two in our series |
| 0:07.0 | entitled Down to Business, |
| 0:09.9 | where we're gonna help you increase your profit margin, |
| 0:14.3 | the fastest, easiest ways. |
| 0:16.8 | Sell, stay tuned. |
| 0:18.1 | Hi, I'm James Wedmore, and with 13 years online, |
| 0:25.9 | I've built my business to over $9 million in sales per year. |
| 0:30.9 | And this is the first non-business business podcast |
| 0:34.8 | that shows you how to apply the principles |
| 0:37.5 | of spirituality, energy, and mindset |
| 0:40.5 | to create true and lasting success |
| 0:43.5 | all from the inside out. |
| 0:46.0 | This is the Mind Your Business Podcast. |
| 0:49.1 | The episode you're about to listen to |
| 0:54.4 | is one of five in a powerful business transforming series |
| 0:59.1 | that we have put together for you called Down to Business. |
| 1:02.6 | It's an in-depth inside look under the hood |
| 1:06.0 | of how we run an eight-figure company |
| 1:09.8 | at a high level of performance |
| 1:12.8 | with a high profit margin. |
| 1:16.1 | And as you dive into this episode, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from James Wedmore, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of James Wedmore and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.