Profitability vs. Growth: What's More Important for Your Business?

In this episode of the Well-Oiled Operations™ podcast, Stacy dives into the critical debate of profitability vs. growth with acclaimed fashion designer and entrepreneur Rebecca Minkoff. Rebecca offers an in-depth exploration of her journey in building and selling a multimillion-dollar business, revealing the strategies, lessons learned, and pivotal decisions that shaped her iconic brand. She provides insights into creating a desirable business model while mastering the complexities of scaling and selling a company. Together, Rebecca and Stacy emphasize the importance of maintaining healthy profit margins, pursuing strategic growth, and navigating the challenging transition from founder to employee post-sale.  Also in this episode:  Prioritizing profit margins over rapid growth leads to a more sustainable and attractive business model for potential buyers. Expanding strategically and knowing when to cut back on product lines helped Rebecca stabilize and scale her business effectively. Surrounding yourself with experienced entrepreneurs and learning from their successes and mistakes accelerates your business growth. Rebecca's experience as an employee in her own company post-sale offers insight into maintaining influence and navigating new business dynamics. Work with Stacy Tuschl: Click HERE to Book A Call With Well Oiled Operations™ Increase Your Profits While Getting Your Time Back: Join My Free Masterclass - Protect Your Profit Join Well Oiled Operations ™ Live: A 3-Day Virtual Conference Designed to Help You Build & Maximize Your Team to Increase Profit While Reducing Your Workload.     Subscribe To Well-Oiled Operations™ with Stacy Tuschl: Apple Podcast | YouTube | Spotify Connect With Stacy Tuschl: Website | Facebook | LinkedIn | Instagram