Darla discusses essential financial strategies for interior design businesses with guest Michelle Cooper. The conversation covers topics such as determining a healthy profit margin, managing business scaling, and maintaining profitability. Michelle shares insights on pricing strategies, time tracking, and the importance of understanding financial statements for business success.
Michelle Cooper guides entrepreneurs through their financial mazes, enabling them to embrace their numbers with confidence. Her experience also includes more than 20 years of working in business strategic growth & 20 years of working with taxes, financial strategy & analysis in high-pressure, fast-moving environments. On a mission to help women live their rich lives, Michelle specializes in refining both the practical, spiritual & energetic aspects of money, ensuring businesses thrive.
00:00 Introduction to Profit Margins in Interior Design
01:05 Meet Michelle Cooper
03:49 Planning and Forecasting for Business Growth
07:11 Hiring Strategies and Maintaining Profit Margins
14:41 Wingnut Social's New Hybrid Plan
19:40 Understanding Profit Margins vs. Profit Percentage
27:31 The What Up Wingnut Round!
29:40 Darla wraps up the episode
#interiordesign #design #interiordesign #business #howto #smallbusiness
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📲CONNECT with Michelle:
Website: michellebcooper.com/
Facebook: michellebcooper
Instagram: michellebcooper
Linkedin: www.linkedin.com/in/michellebcooper/
📲CONNECT with Darla:
Instagram: thedarlapowell
📚Resources & People Mentioned:
Wingnut Academy is LIVE: wingnutsocial.com/wingnut-academy/
"The 6 Keys to Success on Instagram" (Free Webinar): wingnutsocial.ewebinar.com/webinar/free-webinar-the-6-keys-to-success-on-instagram-9971
"Evolved Enterprise: An Illustrated Guide to Re-Think, Re-Imagine and Re-Invent Your Business to Deliver Meaningful Impact & Even Greater Profits" by Yanik Silver
🏠FOLLOW Wingnut Social:
Website: www.wingnutsocial.com
Facebook: WingnutSocial/
Twitter: wingnutsocial
Instagram: wingnutsocial
Wingnut Webinars: wingnutsocial.com/webinar
🎧SUBSCRIBE to The Wingnut Social Podcast:
Apple Podcasts: apple.co/3RJzmtK
Google Podcasts: bit.ly/designedongooglepodcasts
TuneIn: bit.ly/designedontunein
UA-cam: bit.ly/designedonyoutube