2023 - The Year of profit

How busy are you moving into the final quarter of 2022?
I’ve spoken to hundreds of decorators in the groups that I both manage and involved with about their business growth. I run a few polls, asking how busy it is out there moving into 2023, I was surprised by how mixed the response was. Some decorators are busy for the next month or two, whilst others commented about being busy for almost all of next year.

But what is your gut feeling about next year?

Do you think it’s going to stay busy or slow down? Have you already seen a slow down in enquiries and/or jobs being accepted? Does that make you nervous? What are you planning, what measures are you putting in place, and how do you think this will affect you? I know that we need to focus on an action plan of identifying the possible problems before they happen and then work on solutions.
When prices go down, profits go up.

That’s just crazy, I hear you say, particlly when considering business growth. How can profits go up when prices go down? They have to; otherwise, your business will die. If you don’t start finding ways to increase your profits with all these price increases, you won’t survive. Prices are going up weekly on everything across the country, and it is affecting every customer and business alike. It’s not going to slow down or stop for the foreseeable future.

So what are you planning to do to protect yourself, your family and your business?

This takes me back to my first question, what measures are you going to focus on, and who else is around to help you protect your business? We are working really hard on every aspect of our business to reduce costs and increase profits because PROFIT is the lifeblood of every business, and is where all the attention should be focused.
This is just one of the topics that we talk about in the Decorators Growth Club. To find out more about the Decorators Growth Club head over to the website to have a look: https://decoratorsgrowthclub.co.uk The Pro Members is a facebook group where we run topics each month. so far we have done: September - Getting Organised October - Setting up your socials correctly The pro members group is only £25 month with no tie in and no cancellation fees: https://decoratorsgrowthclub.co.uk/pro-members/

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