Jun 14, 2024

3 Ways to Increase Profitability In Your Small Business THIS Week

No matter what stage of business you are currently in, there are simple ways to drive profitability on a daily basis. I say “simple,” but what I’ve realized is that most people aren’t doing them.

None of my companies are new, and none of them are lacking clients, but we still do something every single day to increase profitability for each one of them. I call it a Profit Push. And it can mean the difference between your small business failing or thriving. 

Obviously there are a million ways to make your business more profitable, but I want to focus on three that you probably aren’t doing, even though they’ll really move the needle—immediately.

Are you ready?

#1: A weekly financial audit

Don’t roll your eyes at this one. I recently did three live sessions where I walked attendees through a Profit Push, and people were getting results before the sessions even ended. Some of them were saving hundreds of dollars a month within literal minutes of looking at their credit card statements. 

If this is so easy and simple, you might be thinking, then why aren’t more people doing it? You tell me. Why aren’t you doing it? For a lot of people, it comes down to two things: overwhelm and fear. And I’ll tell you what: actually knowing where all your money is going causes way less anxiety than avoiding a close look because you’re afraid or overwhelmed.

Before the week is over (and today if possible), I want you to go through all of your credit card and bank statements for the past three months and write down every single expense. All of them. Don’t skip a single thing. 

Then, for each expense, consider whether or not you can:

  • Negotiate a price (or rate) change 
  • Cancel because you don’t need it
  • Consolidate a few expenses into one (this is ideal for software)

Then get busy.

I’m telling you—you will be amazed at what you can cut! There are expenses on there that you haven’t thought about in months—or even years.

Now, as a word of warning, there are three things you should NOT cut:

  • Advertising
  • Coaching
  • Team

Those are the areas that are required if you want to grow your small business into something wildly successful.

But everything else? Is fair game. 

I pride myself on being really smart with my money in all of my businesses, and we still recently cut thousands of dollars in redundant or unnecessary expenses after an audit.

Do this weekly, and I guarantee you’ll increase profitability.

#2: Make a new offer to current or past clients

Who doesn’t love long-term loyal clients? I know I do. But are you serving them as well as you could be? And I’m not just talking about something that benefits them. I’m talking about ways to bring more money into your business just by getting creative with the people who have already bought from you. 

Reach out to past or current clients individually with a brand new offer. Maybe it’s a VIP day. Or an addition that makes sense for the current program they’re in. You could also come up with a great way to restart a relationship with a client who has moved on. 

Thoughtful personalization and customization is key here. Don’t just dream up random offers. You want to carefully select the offer for the person you’re extending it to. Make it even more personal by sending custom DMs or voice memos.

Making a new offer to a current or past client is always going to be easier than getting a new client to buy from you, so start there. But getting new clients is obviously also very important, which brings us to our final way to increase profitability this week.

#3: Make a list of EVERY person who has expressed interest in your services in the past six months, but hasn’t taken the leap.

Hopefully this is a list you’ve already compiled. Hopefully you’re keeping track of people who comment on your posts, send you DMs, and attend your free workshops. But if you’re not, you can still look back through your social media and find them.

Then I want you to reach out to every single one of them and see if they’re still looking to get the result they came to you for initially. Be friendly, be helpful, make it personal, and keep it short and to the point.

Hey, Carrie! Hope you’re doing well! I remember you had some questions about growing your email list. Is that still something you’re trying to figure out? I would love to help you if so!

If they say no (or don’t respond), you don’t need to bother them, but if they say yes, invite them to a call. You never know who is just sitting there with a problem you can solve, but they don’t think to ask you—or they’re afraid to. Make it easy on them by reaching out first!

It’s the simple things that make the biggest difference

Do these things seem basic? Were you hoping for something a little flashier, more novel? If you’ve been around here for long, you know that I’m all for creativity and innovation and trying new things, AND there are some foundational basics that just plain work.

Remember: things that are simple to do are also simple NOT to do. When was the last time you did each of these three things? If you have a sales team, when was the last time they did these three things?  

Sometimes we’re sitting on countless opportunities to move the needle in simple ways, because we’re off chasing complex and shiny new strategies. The basics always work. When you execute them consistently and effectively, they work. Period.

Take the time to incorporate these three simple strategies into your weekly routine, and watch your profits soar!

Want a simple strategy to bring in organic sales, every week? If you have ONE HOUR a day to spend nurture and converting leads, the Miracle Hour framework will help you scale simply.

I’ve put together a free download walking you through it here! Grab your copy HERE!

310 thoughts on “3 Ways to Increase Profitability In Your Small Business THIS Week”

  2. I don’t have a buisness yet, but I have a lot of ideas and I need to find a way to get started and get myself off the ground! Thanks for your generous strategy tips!

    Reply

  41. I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

    Reply

  92. Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

    Reply

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  211. Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

    Reply

  237. Hello entrepreneurs and business owners. Weekly financial audits often reveal hidden expenses that quietly reduce profit margins. Building a consistent habit of reviewing statements and tracking spending creates stronger financial awareness and opens opportunities for immediate savings and business growth.

    Reply

  244. This article is a solid reminder that business growth often comes from consistent basics rather than complex strategies. The idea of a weekly financial audit is especially practical, as many small businesses overlook small leaks that add up over time. Simple discipline like this can genuinely improve profitability quickly.

    Reply

  247. This is a useful reminder that growing a business is not always about working harder, it is about working smarter. Looking closely at expenses, processes, and customer value can reveal opportunities that are easy to overlook. The article offers a practical mindset for sustainable business growth.

    Reply

  254. This was a refreshing reminder that business growth often comes from consistently executing the fundamentals rather than constantly chasing the latest strategy. The idea of conducting a weekly financial audit really stood out to me ,it’s amazing how many subscriptions and recurring expenses can go unnoticed over time.

    Reply

  258. Interesting that you draw a hard line around advertising, coaching, and team most “cut costs fast” advice ignores how quickly that can stall growth while weekly financial audit feels like the most practical idea here, specially for catching those quiet recurring expenses that slip through.

    Reply

  264. This is a very practical reminder that business growth often comes from consistency rather than complicated strategies. The focus on financial audits, re-engaging existing clients, and following up with warm leads highlights actions that are simple but often overlooked. It would be even more useful with real case studies or examples showing the actual impact of these “Profit Push” methods in different types of small businesses.

    Reply

  265. Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

    Reply

  266. This article makes a really practical point about profitability by breaking it down into simple, actionable strategies instead of overcomplicating things,i like how it emphasizes focusing on existing customers and improving internal efficiency rather than always chasing new sales ,it feels very realistic for small business owners who are already stretched thin.

    Reply

  268. The article gives some practical, no-nonsense ideas for improving small business profitability, especially the focus on reviewing expenses, re-engaging past clients, and following up with warm leads. The emphasis on simple actions rather than complex strategies is refreshing and something many business owners often overlook. That said, some points feel a bit overly confident in assuming everyone will see immediate results just by following these steps. In reality, outcomes depend a lot on industry, customer base, and execution. It would also help to include more examples for different types of small businesses, not just service-based or online coaching models.

    Reply

  269. I really like the focus on going back to basics instead of always chasing new strategies,this even is a good reminder that profitability is not always about doing more, but about tightening what you already have…

    Reply

  273. Excellent insights for small business owners,three profitability strategies are simple, actionable, and easy to apply,i especially found the financial audit and client follow-up tips valuable.Thanks for sharing!

    Reply

  275. This was a valuable reminder that increasing profitability in a small business does not always require complicated strategies,sometimes the simplest strategies, like reviewing expenses and reconnecting with clients, can create the biggest impact.
    Thanks for sharing these practical profitability!

    Reply

  277. The part about reviewing old leads caught my attention because I think a lot of small businesses forget about people who were interested but not ready at the time. One thing I’d be careful with though is reaching out too often, because it can feel a bit pushy if theres no real value in the message. A simple check-in with something useful probably works better than just asking for a sale again. I think that balance is really important.

    Reply

  281. Business THIS Week
    No matter what stage of business you are currently in, there are simple ways to drive profitability on a daily basis. I say “simple,” but what I’ve realized is that most people aren’t doing them.None of my companies are new, and none of them are lacking clients, but we still do something every single day to increase profitability for each one of them. I call it a Profit Push. And it can mean the difference between your small business failing or thriving. Obviously there are a million ways to make your business more profitable, but I want to focus on three that you probably aren’t doing, even though they’ll really move the needle—immediately.

    Reply

  283. Great reminder that consistent basics often beat complicated strategies. The weekly financial audit, reconnecting with past clients, and following up with interested leads are practical actions any business owner can start right away. Small, intentional steps like these can create meaningful improvements in profitability over time.

    Reply

  284. The discussion emphasizes that profitability does not always require complicated solutions. Small businesses can achieve better results by adopting focused daily strategies, reviewing performance, and making smart adjustments that contribute to steady growth and increased revenue.

    Reply

  285. Great practical advice! These strategies are simple but often overlooked by many business owners. Regular financial reviews, reconnecting with past clients, and following up with interested leads can create real growth without needing complicated marketing tactics. A very useful and motivating read.

    Reply

  287. This article shares practical strategies that can help small businesses improve profitability with simple but effective actions. I found the advice about financial audits, reconnecting with clients, and following up with interested prospects especially valuable for creating steady growth and better business results.

    Reply

  288. I actually think the weekly audit idea is useful, but cutting costs isnt always the fastest way to improve profits. Sometimes spending a little more on the right tools or marketing can bring a much better return. It would be nice to see a few examples of businesses where investing more actually worked better than reducing expenses. Every business is a bit different, so one approach wont fit everyone.

    Reply

  294. I found this article very helpful for small business owners looking to improve their financial performance. The tips about reviewing expenses and creating new opportunities with existing clients are practical and easy to apply. These strategies provide valuable guidance for building a more profitable and sustainable business.

    Reply

  298. The idea of reviewing small expenses regularly is something many business owners probably overlook. It is easy to focus only on getting more sales while ignoring money that is quietly going out every month. I also liked the point about reconnecting with old clients because sometimes opportunities are already there. Simple actions can work, but the hard part is staying consistent with them.

    Reply

  303. This is a practical guide with actionable strategies that small business owners can apply immediately. The focus on reviewing finances, reconnecting with clients, and following up with leads highlights how simple consistent actions can create meaningful growth and improve profitability over time.

    Reply

  304. The advice highlights how fear and overwhelm often prevent people from managing finances effectively. Understanding where money goes can reduce stress and build confidence. Taking small steps toward tracking expenses helps create control, clarity, and a healthier relationship with money.

    Reply

  305. These are practical reminders that many business owners overlook while chasing bigger strategies. Regularly reviewing expenses, reconnecting with clients, and following up with interested leads can create real results. Sometimes the simplest actions, done consistently, are the ones that have the biggest impact on growth.

    Reply

  306. This post shares practical strategies for improving small business profitability through simple but effective actions. The focus on financial reviews, client engagement, and reconnecting with potential customers offers valuable advice. These straightforward methods can help entrepreneurs create better growth opportunities and achieve stronger business results.

    Reply

  307. A practical reminder that managing money does not have to be complicated. By examining spending patterns and understanding where money goes, individuals can discover savings opportunities, build confidence, and create healthier financial habits without feeling overwhelmed.

    Reply

  308. This is a very practical and valuable article for small business owners. I like how it focuses on simple, actionable strategies rather than complicated methods that are difficult to maintain. Regular financial audits, reconnecting with existing clients, and following up with interested prospects are all powerful ways to uncover hidden opportunities for growth. Consistency really is the key small improvements made every week can create a significant impact on profitability over time.

    Reply

  309. Financial reviews, improving customer relationships, and reconnecting with interested leads provides valuable insights for entrepreneurs who looking to grow revenue and optimize business performance, so simple business improvements, better client engagement, and regular financial reviews makes a big difference in long-term profitability!

    Reply

  310. It was great to see the emphasis on getting back to basics! It is very easy to get distracted by flashy new marketing techniques, but there are two things anyone can do today to get immediate results: conduct a financial audit and reconnect with old leads. This approach is simple, practical, and straight to the point. Thanks for sharing!

    Reply

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