Free Webinar: Making More Money and Saving on Taxes

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Key Takeaways
Regularly audit and update financial numbers, ideally monthly, to track key performance indicators like the GP to CAC ratio.
Ensure accurate pricing by marking up both labor and materials to achieve target gross profit margins.
Improve sales processes by tracking set, show, and close rates to reduce customer acquisition costs without decreasing marketing spend.
Evaluate and optimize salesperson compensation to align with profitability goals, potentially tying commissions to gross profit.
Choose the appropriate business tax structure (e.g., S-Corp for self-employment tax savings) and review it as the business grows.
Leverage tax deductions for ordinary and necessary business expenses, including home office, vehicle use, and business travel.
Utilize tax-advantaged health insurance and retirement plans (IRAs, 401Ks) to reduce taxable income and build wealth.
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