219. The business model decision that’s killing your profit

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Episode Synopsis: 

In this episode of Small Business Big Money, host Gina Knox discusses the common struggles faced by small business owners, particularly those making significant revenue but struggling with cash flow and profitability. She emphasizes the importance of understanding financial data and avoiding the pitfalls of expanding product offerings without proper analysis. The conversation highlights the need for businesses to focus on core offerings and operational efficiency to ensure sustainable growth and financial health.

Timestamps:

00:00 - The Cash Flow Conundrum
10:07 - The Importance of Data in Business
17:41 - Scaling Strategies: Go Deep, Not Wide

Category: Entrepreneurship

Keywords: small business, cash flow, profitability, scaling, financial management, data-driven decisions, operational complexity, business growth, product offerings, financial security