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Episode Info: Maximising Gross Profit in Your Business with Danny from BT Academy Series: Scaling your business from '$500k to $5 million' Guest: Danny Kerr from BT Academy Part One: Building Your One-Page Strategic Plan - [LINK] Part Two: Structuring Your Company for Maximum Productivity - [LINK] Part Three - How to Generate Rockstar Employee Applications - [LINK] It's no surprise that BT Academy is one of Canada's fastest growing companies. As you'll soon find out, Danny is a friggin business guru. Over the last couple of years, Danny and I have spoken on many occasions and every time, I'm blown away by how awesome he and his business is. If you're a tradie or contractor, you simply MUST get in BT Academy's space. ...And lucky for you, you have that option at the bottom of this page. Danny has been on The Site Shed before for the series titled, The top 3 mistake growing trade businesses make. Go check them out if you want to hear more episodes with him. Here is the link to episode one - Attracting the right talent. Here's the link to spidoe two - Lack of focus on Gross Profit Margin Here's the link to part three - Wrong Prioritisation of time Here's a bit of a spiel on BT Academy: Based out of British Colombia, Canada, BT Academy exists to teach businesses how to create a sustainable business structure, using the principles of a franchise model. Franchises depend heavily on systems and processes, which serves as the fundamental lynch-pin in a franchises ability to operate out of multiple locations while delivering a consistent product/service. My co-host in this series, Danny Kerr, has a background in franchising. A few years ago, he decided it would be a good idea to educate trade business owners how they can create similar frameworks in their own businesses. As a result, BT Academy was born and they now help hundreds of organisations, right across Canada and the United States take their businesses to a level that is systemised, profitable and independent of any one person (in most cases the business owner). In this series, we'll be talking about how to scale your trade business from $500k to $5 mill. Here are the episodes: TSS195 - Building Your One-Page Strategic Plan TSS196 - Structuring Your Company for Maximum Productivity TSS197 - How to Generate Rockstar Employee Applications TSS198 - Maximizing Gross Profit in Your Business If you're interested in numbers and finance topics, you'll want to listen to these also. Get a grip on your financials - [LINK] Lack of focus on Gross Profit Margin - [LINK] Profitability. Get your financial house in order - [LINK] About this podcast, 'Maximising Gross Profit in Your Business' Podcast Highlights: 02:12 - It's all about profit 02:31 - Gross Profit is the most important number in business 05:15 - Your first $500,000 07:35 - Understanding your true overheads 09:53 - knowing your profit margins 12:06 - Industry net profit figures 15:06 - Technology and tools to track profit 18:34 - Templates and tool...
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