3 Essential Elements of Every Business Part 3: Profit

“Profit is one of your most powerful entities in your company, because it is the gateway to opportunity for you.”

- Shelagh Cummins


This episode is the final piece of a three-part series exploring the three core elements every single business needs to have in order to be sustainable and profitable. No matter your industry or niche, a strong, intentional foundation based on these elements is absolutely essential if you want to scale effectively.

This episode is all about profit.

The idea of “profit” is often a challenge for women entrepreneurs. Women often deal with money mindset issues that stem from biases, misconceptions, and stereotypes regarding their ability to deal with money, whether saving, spending, or earning.

But in reality, women are just as capable of driving profit and building wealth as men are.

Profit is important, because it creates opportunities for you to not only build wealth, but to re-invest in your business in order to move the needle forward.

If you haven’t listened to the first two parts of this series, I strongly recommend that you do so — these three elements work together, and each has a role to play in helping you grow and scale with more ease!

In‌ ‌this‌ ‌episode of the Road to Seven podcast,‌ ‌you’ll discover:‌ ‌

  • What you absolutely MUST consider when setting your pricing 

  • How to hit your money management sweet spot and balance your spending and conserving 

  • How to uncover the new revenue possibilities around you 

  

Highlights:‌ ‌

00:01  Intro

01:34  Three-part approach

02:40  Profit

04:18  Pricing

07:14  Money management

10:18  New revenue opportunities

13:02  Vitamin & SaaS case studies

14:45  Scale Program 

 ‌

Links:‌

Scale Program

https://docs.google.com/document/d/1vXw0_Bw-kIJaisyB8l21xcu6rAKpmojYD0yzGP_tzBM/edit 

 Planning Your POWERFUL Profit in 2022: https://www.buzzsprout.com/349118/9873601

https://www.theroadtoseven.com/theroadtosevenpodcast/how-to-build-a-saas-and-secure-funding-successfully-with-catherine-graham  

To work with me and make your next power move, visit:

https://shelaghcummins.com 

   ‌

Stay Connected

Like what you’re hearing? Click here to subscribe in iTunes for more episodes to boost your Road to Seven today! I have more episodes with great tips and conversations with women that are revolutionizing the way we do business - don’t miss it! 

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I would be really grateful if you left a review on iTunes so that others can find and boost their business too! Just click here to review, select “Ratings and Reviews” and “Write a Review” I’d also love to hear what your favourite part of this episode is in the comments below. Thank you!

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Why Taking A Step Back May Be The Smartest Move

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3 Essential Elements of Every Business Part 2: Process