Do slow months burn through the profit you earned in the busy months? One solution is to teach customers to provide a steady supply of demand year-round. Ask them to eliminate overlapping jobs while you’re at it!
Since this is never going to happen, what can a weary business owner do to keep the profit you already earned from leaking out later?
The answer is to design a scalable business model. The reason this is so important now is that optimized scalability in the events world means a lot of outsourcing. That requires planning, deeper relationships with suppliers, and additional direct costs, which will be offset by lower overhead.
In this month’s Intentional Success® Webinar, business advisor Tom Stimson helps you understand what it means to be scalable, how to organize your business processes in a scalable process model, and how to expand that model when revenue starts to exceed capacity.
All Rights Reserved. © Stimson Group LLC 2022