Last week we discussed business models, and how many of my clients have been shifting their business models over the last year…and they are finding that the shifting made them more profit, and allowed them to keep more money!
Changing your business model, whether by choice or by new regulations, is a little scary. Sometimes we think it might be for the best; other times we're worried about the outcome. Here are a few stories of my clients that will provide insights from those who have walked the path -- either willingly or by necessity.
Several years ago, I was listening to a podcast that discussed people’s personal buying habits and how many dollars are frittered away daily that could be used for other purchases. I decided, then and there, that every time I would forego buying a ready-made coffee at the specialty store, that I would, instead, transfer the $3.50-$4.00-$5.00 into a separate savings account. I wanted to see if these small foregone purchases made any real difference.