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Why You Should Stop Saving Money

The Profit Factor

Release Date: 07/14/2022

How Highly Profitable Companies Choose What to Sell show art How Highly Profitable Companies Choose What to Sell

The Profit Factor

Hey there, profit seekers! It's podcast time, and we're diving deep into the strategies that turn your business dreams into reality. I'm your host, Denai Wolfe, on a mission to equip female entrepreneurs like you with financial education, empowerment, and freedom. In this episode, we're spilling the beans on how highly profitable companies choose their selling game. From wielding your strengths like a boss to tapping into market trends like a trendsetter, we've got the playbook to expand your financial future. So, if you're ready to transform your business hustle, grab your earbuds and hit...

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The Profit Factor

Welcome back to The Profit Factor Podcast! Today, we're diving into a crucial topic: "How Successful Service Providers, Coaches, and Consultants Price Themselves Correctly." I'm Denai Wolfe, and I'm on a mission to empower female entrepreneurs with financial education, empowerment, and freedom. We'll explore the break-even point, pricing strategies, and the importance of a low barrier of entry pricing model. Discover how to make informed business decisions and keep your finances in check. Remember, pricing is practical and based on profitability, not feelings. Join me and level up your...

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Are you ready to level up your financial game and avoid costly mistakes that can drain your profits? In this episode of The Profit Factor Podcast, I'm spilling the beans on the 5 most crucial financial blunders that entrepreneurs make, and trust me, you don't want to fall into these traps! Join me as we dive deep into these pitfalls and uncover practical tips to steer clear of them. Whether you're a seasoned pro or a budding entrepreneur, these insights will be a total game-changer for your business! Hit that play button now and let's secure your financial future together!  Thank you so...

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Are you tired of making financial mistakes that leave you feeling like you need a personal loan just to stay afloat? Well, fear not my friends, because in this episode I’m telling you the 10 most costly mistakes I've see entrepreneurs make and how you can avoid them! I’m sharing this so you can dodge the heartache, stress and money issues that come with these common and costly mistakes. In this episode, we're going to dive deep into these top 10 mistakes and I'll be providing you with practical tips to fix them. Whether you're a seasoned business owner or just starting out, these...

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"Thrive Like a Boss Babe in a Constricting Market: Strategies for Generating Cash Flow" Join me, Denai Wolfe, a financial empowerment advocate as I share valuable insights on thriving in a constricting market. As a former financial hot mess turned entrepreneur, I know the challenges female entrepreneurs face in tight market conditions. In this episode, I unveil five top tips to boost cash flow and keep businesses thriving, from streamlining operations and focusing on high-profit products to diversifying revenue streams and ramping up marketing efforts. Discover why a 10% profit margin might...

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The Profit Factor

Hey there, service providers, coaches, and consultants! I know you've been told a lot about cutting costs and saving money, but let's face it - we didn't get into business to live a boring, penny-pinching life, did we? It's time to think BIGGER and live the life of our dreams. Now, I know some of you might be hesitant to invest your hard-earned cash, but trust me, burying your money in your backyard is not the way to go. You don't have to take on the risk of a tightrope walker to get higher returns - just invest in the right places.  In this episode I'm going to share with you how to turn...

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The Profit Factor

Are you ready to get your finances in check and avoid all those pesky pitfalls that come with scaling your business? If you're a service provider, coach, or consultant looking to grow your company, you know that navigating the financial world can be a bit…well, overwhelming. That's where the financial pros come in!  In this episode I'm going to share with you how these money masters can help you avoid the risks that can impact your success and stability.  Press play so you'll learn from an expert in the field and gain the knowledge and skills you need to succeed. Thank you so much...

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The Profit Factor

Who keeps track of your money? Even if it’s not you - as a CEO it’s important that you understand the meaning behind your numbers. I can’t tell you how many times I talk to service providers, coaches and consultants and they refer me to someone else when I start asking questions about their financial statements. Statements that should be read often to guide the financial decisions of your business. Don't let lack of financial knowledge hold you back from reading these valuable reports! In this episode I'm going to share with you the Top 3 financial statements that service providers,...

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The Profit Factor

There are many ways for service providers, coaches and consultants to set up their bookkeeping systems…  But did you know that not all of them are efficient? And most of the “free” systems aren’t tracking everything your business needs to save the most at tax time. That’s why I’m sharing FIVE simple steps to creating an amazing bookkeeping system in YOUR business… And WHY you need them to grow without hiccups.  If you’re a service provider, coach or consultant, I want you to press play now! Thank you so much for listening! Please subscribe, rate and review The Profit...

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The Profit Factor

We, as a society, have been scammed… I see Coaches and Service Based business owners grapple with paying down massive debt every day. And if you’re following the “traditional” path to becoming debt free, aka cutting out your Starbucks and other simple pleasures…but I gotta tell ya for me - it’s always been the little things that bring me the greatest joy. And here’s the good news - as the CEO of your own company I’ve seen THREE strategies to rid yourself of massive debt forever. Without cutting out the $5 coffee or nice dinner dates! It's time to learn HOW to turn the tables in...

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More Episodes

In this week's episode, I'm talking about why you should STOP saving! ...yes, that's the reaction I've been getting! But hear me out.

Press play if you're ready to learn:

  • Why saving your money isn't all it's cracked up to be...there are better ways, I promise!
  • Why you might regret saving money
  • The best alternative to saving your hard-earned cash, because let's face it, you deserve it!
  • How to make your money work for you!

If you're ready to be the catalyst for generational wealth in your family, this one's for you!

Thank you so much for listening! Please subscribe, rate and review The Profit Factor on iTunes. Your ratings and reviews are greatly appreciated and have a tremendous impact on our show.

To connect with Denai HERE!

To download your FREE Profit Plan click here!

This episode is brought to you by Profit Perfect 

Profit Perfect teaches you how to increase your profits and decrease your stress by mastering your business finances without the confusion, overwhelm or math! If you're a big thinking entrepreneur, determined to make your dreams come true, looking to finally take control over your business finances so they can stop controlling you then Profit Perfect is exactly what you need. Check it out now!