Podcasts Business The Product Boss Podcast 537. "My revenue growth is flat, but my profit margins are up. How can I make $1 million and not burn out?" | Coaching Session

537. "My revenue growth is flat, but my profit margins are up. How can I make $1 million and not burn out?" | Coaching Session

Published: Dec. 7, 2023, 9:30 a.m.

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Welcome, Product Bosses! In today\'s one-on-one strategy session, we\'re diving deep with Eileen, the founder of Old Millhouse Coffee. Join us as we explore her journey from running a multi-six-figure business with slim profit margins to aiming for a million-dollar venture. Eileen\'s story might sound familiar to many of you \\u2013 a business owner striving for growth but caught up in the nitty-gritty of daily operations.

Eileen\'s situation is a classic case of balancing growth with sustainability. Initially, her coffee shop was thriving in sales but struggled with profitability, limiting her ability to expand and hire more staff. However, with strategic changes like raising prices, she\'s seen a significant profit increase on the coffee shop side of her business. But that\'s not all \\u2013 Eileen also runs popular local vendor events in her community, which, despite their popularity, have yet to see substantial profits.

The big question now is, can Eileen transform both aspects of her business into million-dollar revenue streams without burning out? Or will she have to sacrifice one to focus on the other? Our goal for Eileen is ambitious yet attainable \\u2013 turning each side of her business into a $1 million revenue generator. That\'s a combined target of $2 million! Stay tuned as we unravel the strategies and insights to help Eileen reach this incredible milestone. Let\'s embark on this journey together and discover the path to a dual million-dollar business.

Resources:

  • Learn more at oldmillhousecoffee.com, and if you\\u2019re in Massachusetts make sure you drop by \\u2013 and bring your dog!
  • Follow Old Mill House Coffee on Instagram: @oldmillhousecoffee
  • The doors to my Inner Circle Mastermind are now open! Join a supportive group of product-based business owners making over six figures to help you take your business to the next level. Find out more at theproductbossmastermind.com.


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