Welcome back to another episode of Agencyphonics, we're talking today the secret sauce to profitability!  

In this episode, Cactus Managing Partners Joanne Reid & Alfie Wenegieme discuss strategies for profitability including increasing prices and cutting costs, including:

- Efficient resource management
- Understanding recoverability rates
- Rewards of proper project planning
- Achieving revenue targets without unnecessary expenses
- The importance of effective reporting 
- Managing scoping and costing 
- Rate cards and rate adjustments and proper pricing

Discover the essential strategies for boosting your agency's profitability and learn the insider secrets from industry experts in this episode – tune in now to supercharge your agency's success!

Episode Highlights:

- Two Aspects of Profitability: Overall and Project-Specific

- Profitability Strategies: Pricing, Cost Reduction, Billable Hours

- Efficient Resource Management

- Understanding Recoverability Rates

- Effective Project Planning and The Right Team Composition for Success

- Tracking Profitability via Specific Reports and Job Profitability Factors

- Setting Day Rates and Rate Card Adjustments and Regular Rate Revisions

- Approaching Clients About Rate Increases

- Key Takeaways for Agency Profitability

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Connect with our Host and Guests:

Host - Pete Hoole

Guests - Alfie Wenegieme & Joanne Reid

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This episode was brought to you by:

Cactus

The Agencynomics Community 

The Cactus Academy

In partnership with:

The Santé Group