EP 161 | BOD™ Business Alert – April 2, 2020
April 2, 2020
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Kimberley shares some wisdom from recessions past and encourages members to avoid chasing cash and focus on profitability. Yes, even now.
In this episode we learn:
- why chasing income, rather than profits, is a big mistake
- avoid doing anything that delays the discomfort of making the tough decisions
- borrowing money can postpone the inevitable and keep you stuck in the past
- negotiating fees is never a good idea, but offering a different (and well priced service) might be a good idea
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Legal Disclosure | This podcast is for educational purposes only and provides general business advice for interior designers and design professionals. It is not intended as individual legal, accounting, or professional guidance. Kimberley Seldon and Business of Design® make no guarantees regarding accuracy and are not liable for how information is used. Strategies shared may not apply to every situation—listeners should seek qualified legal, financial, or professional advice before making business decisions. References and resources mentioned may change over time.