EP 064: In this week's episode of the podcast, Grant and I go over the many profit killers that businesses can have.

More importantly, we share how to avoid and fix them.

Tune in now!



Episode Highlights:
00:00 Welcome to Business and Investing
01:45 Looking into the factors that destroy your profit
03:44 Holding onto legacy clients and suppliers
11:05 Why is it difficult to get rid of what we’re used to
13:00 Reasons you shouldn’t do ad hoc services and products
17:21 Changing directions too quickly
23:46 Ring fencing new ideas
24:52 Dealing with team drama and toxicity
30:03 Is re-recruiting a wise step to take?
36:55 How much does training cost your business? 
40:47 Keeping your team when the business has changed

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!

Resources:
○ Business and Investing website: https://www.businessandinvesting.com/


Subscribe: 
○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting
○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342



Connect with Business and Investing: 
○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480
○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom
○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom
○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom
○ Send your enquiries or drop by to say hello: grant@businessandinvesting.com


DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

EP 064: In this week's episode of the podcast, Grant and I go over the many profit killers that businesses can have.
More importantly, we share how to avoid and fix them.
Tune in now! 
Episode Highlights: 00:00 Welcome to Business and Investing 01:45 Looking into the factors that destroy your profit 03:44 Holding onto legacy clients and suppliers 11:05 Why is it difficult to get rid of what we’re used to 13:00 Reasons you shouldn’t do ad hoc services and products 17:21 Changing directions too quickly 23:46 Ring fencing new ideas 24:52 Dealing with team drama and toxicity 30:03 Is re-recruiting a wise step to take? 36:55 How much does training cost your business?  40:47 Keeping your team when the business has changed If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!
Resources: ○ Business and Investing website: <a href="https://www.businessandinvesting.com/">https://www.businessandinvesting.com/</a>
 Subscribe:  ○ Subscribe on Youtube: <a href="https://www.youtube.com/@businessandinvesting">https://www.youtube.com/@businessandinvesting</a> ○ Subscribe on Apple Podcast: <a href="https://podcasts.apple.com/au/podcast/business-investing/id1607453342">https://podcasts.apple.com/au/podcast/business-investing/id1607453342</a>
 Connect with Business and Investing:  ○ Join the Business and Investing Community: <a href="https://www.facebook.com/groups/440140397804480">https://www.facebook.com/groups/440140397804480</a> ○ Follow us on Facebook: <a href="https://www.facebook.com/businessandinvestingcom">https://www.facebook.com/businessandinvestingcom</a> ○ Follow us on Instagram:<a href="https://www.instagram.com/businessandinvestingcom"> https://www.instagram.com/businessandinvestingcom</a> ○ Follow us on TikTok: <a href="https://www.tiktok.com/@businessandinvestingcom">https://www.tiktok.com/@businessandinvestingcom</a> ○ Send your enquiries or drop by to say hello: <a href="mailto:grant@businessandinvesting.com">grant@businessandinvesting.com</a>
 DISCLAIMER: All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

It’s absolutely possible for a business owner, like you, to have it all. The only limiting factor to success in your business and in your life is you, the business owner!

The Business & Investing podcast exists to help you overcome your limits. Hosted by successful Australian entrepreneurs Grant Merriel and Charley Valher, the show is dedicated to sharing information, insights and tools to help business owners, like yourself, build a stable, thriving business that unlocks your money and life goals.

Grant and Charley both dive into their own experiences with their fellow Australian business owners and trusted professionals to help you become the best Full Stack Business Owner.

*Disclaimer - We are just like you, Australian business owners, and everything we discuss is intended for entertainment and educational purposes only and is not financial advice. Always seek professional advice before making any decision when it comes to wealth creation.

It’s absolutely possible for a business owner, like you, to have it all. The only limiting factor to success in your business and in your life is you, the business owner!
The Business &amp; Investing podcast exists to help you overcome your limits. Hosted by successful Australian entrepreneurs Grant Merriel and Charley Valher, the show is dedicated to sharing information, insights and tools to help business owners, like yourself, build a stable, thriving business that unlocks your money and life goals.
Grant and Charley both dive into their own experiences with their fellow Australian business owners and trusted professionals to help you become the best Full Stack Business Owner.
*Disclaimer - We are just like you, Australian business owners, and everything we discuss is intended for entertainment and educational purposes only and is not financial advice. Always seek professional advice before making any decision when it comes to wealth creation.

Helping business owners generate wealth inside and outside of their business.

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