Even when you have many clients, you may still feel financially broke due to three main reasons: (1) Undercharging - when high demand suggests it's time to raise your rates, as price is partially based on demand; (2) Overspending - purchasing unnecessary gadgets or subscriptions eliminates profit margins, requiring ruthless budgeting; (3) Low Productivity - inefficient systems consume too much time, meaning profit margins may actually be in your productivity rather than your expenses, as demonstrated by a client who improved from zero profit to 60% margin by optimizing her systems.
Deep Dive
Prerequisite Knowledge
- No data available.
Where to go next
- No data available.
Deep Dive
Are you busy but still feeling broke?Added:
If you have plenty of clients, but you're still broke, there can only be three causes for this. Number one, you're undercharging. Remember that price is partially based on demand. So, if you have high demand, lots of clients, but you're broke, it means it's time to raise your rates. And yeah, you might lose a few people, but your income goes up to cover those losses, and you have more time to replace them. Number two, you're overspending. You probably have every gadget or subscription you could possibly buy, but this leaves you with no profit margins to enjoy. We got to be ruthless and put our business on a budget, otherwise we will always find another tax write-off. Now, number three is kind of tricky, but sometimes the margins aren't in your profit, but in your productivity. I had a client who had a 5K offer that cost her 5K to deliver, but it wasn't that her expenses were too high. It's that her systems were such a mess that it was taking her too much time. Once she put in better systems, she created a 60% profit margin. So, comment below to let me know which one of these you think applies to you, and check out my comments to learn how I can help you with all three.
Related Videos
The #1 Reason Your Top People Keep Leaving (How to Fix It)
Entreleadership
470 views•2026-05-29
What Happens After A Motorcycle Dealership Shuts Down?
FastestWay.1
374 views•2026-05-29
The Evolution of DSP's Pokemon Unpack-ack-acking Grift
Toxicity_Unmasked
2K views•2026-05-29
Help re-structure my finances, I want to buy a house, save and invest
JennNxumalo
2K views•2026-05-29
Asian Paints Q4 Results: Revenue Beats Estimates, 5 Key Takeaways For Investors
NDTVProfitIndia
111 views•2026-05-29
Trying to Afford Vancouver on a Single Income | $2,550 Mortgage
chelseaspursuit
308 views•2026-05-28
7 Nigerian Stocks That Could Explode Because of Dangote Refinery IPO
femiakinwale9269
478 views•2026-05-29
AI Investment: Data Centers & The Bottom Line
MemeTeamClips
134 views•2026-05-28











