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090: How to Prioritize Your Profit

090: How to Prioritize Your Profit

FromThe Affluent Creative


090: How to Prioritize Your Profit

FromThe Affluent Creative

ratings:
Length:
34 minutes
Released:
Jun 10, 2024
Format:
Podcast episode

Description

In the world of interior design, business owners are constantly juggling a gazillion tasks. From advertising to installations, networking, and social media, you do it all. Unfortunately, that leaves less time and energy for the activities that bring you real profit.    You started your business to make money, doing what you love…design. It’s often the case that many designers are so bogged down with low-dollar tasks, that their finances and creativity both take a hit. If you want to increase your profit and engage in the work you love doing, then you must start focusing your efforts on the right activities. I remind my clients, “Where your focus goes, your finances flow.”    In today’s episode, I share how to distinguish between high-dollar and low-dollar tasks, so you can prioritize activities that directly contribute to your profit. While low-dollar tasks are necessary activities within your business that must be completed, they are not a priority. As a designer and business owner, you should focus on tasks that impact your bottom line and require higher levels of expertise and skill.  Discover which activities you should prioritize and which you should outsource when it comes to administrative tasks, marketing and advertising, sales, creative work, and more. You only have a finite amount of time. Knowing where your time is going each day will make a big difference. Let’s find out where you’re spending your time, so we can make you more money! In this episode, you will hear: Specific examples of high-dollar and low-dollar tasks in your business The importance of a money-positive mindset and becoming more comfortable with financial conversations Why it's so important to “dollarize” and prioritize according to profit levels Why you need to run your numbers every month  Mentioned: Episode 081: The Four Steps to Landing Every Project (Design Discovery Process)   Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple ‘+’ in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.   Supporting Resources For more information about The Affluent Creative, check out my website www.melissagalt.com Follow me on Instagram, Facebook, and LinkedIn @MelissaGalt and TikTok @MelissaGaltBusinessCoach
Released:
Jun 10, 2024
Format:
Podcast episode

Titles in the series (94)

What if you had a business coach who was a creative just like you, and could ask them about how they built a successful business they love? That’s what we do each week on The Affluent Creative. Hosted by Melissa Galt –– award winning business coach, marketing consultant, and interior designer with over 3 decades of creative experience –– every episode is an in-depth look at how to create systems and processes, increase your confidence, and build a quality team to support you. The goal is to give you the information and resources you need to avoid being overworked and undervalued, and help you earn more in less time with less stress.