Ep. 110 - The Most Profitable Business To Own
Because of our experience consulting with businesses from a variety of industries, we often get asked “what the most profitable business to own” is. From a profit margin standpoint, my usual answer has been most service type businesses like accounting, law, financial services and life insurance.
But a recent discussion with a carpool buddy led me down a rabbit trail that made me realize that the most profitable business isn’t necessarily tied to a specific industry. It may very well be your business. With the right attention to detail, your business could be the most profitable one to own.
Click play, turn on the volume and listen to this episode. Coincidentally enough, this episode will set you up nicely to gain even more insight from our guest next week.
Also, as a thank you, we want to give you this free guide on balancing business and marriage better. Click the link and download now. https://www.powercouplesbydesign.com/balance-business-marriage-better
Key Takeaways:
Genesis of this discussion (carpool ride)
Not based on the type of business you own but how you run it
Taking care of the boring stuff
Why this type of business tends to get it right
Typical expenses that get overlooked
How your business can be more profitable
