Terrell Turner is a CPA, an experienced financial leader, and a content creator focused on making complicated money topics simple and easy to understand. He’s also a partner in the TL Turner Group, where he provides fractional CFO services and helps clients make smart money decisions. Today he’s sharing one major tip for anyone looking to scale their business.
Terrell says the key to scaling smart is keeping your gross margin in mind. This is the money that’s leftover after you’ve subtracted everything it cost you to deliver a product or service from your sales price, and it can be used to cover overhead costs and invest back into your business.
In this episode, Terrell not only explains exactly what gross margin is and why it’s important to keep in mind when setting your prices, but he also shares tips for increasing it and ensuring you’re staying smart as you scale. You’ll learn how to calculate your gross margin, figure out the best financial moves to make, adjust your prices as needed, and bring in money to invest back into your business as it grows bigger than ever.
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