Have you ever had a friend look at a business and randomly throw out numbers that made it seem like that business owner must be making serious bank? We’ve experienced that many times, and know from conversations with operators and owners in those industries that their real profitability is often far, far less. The reason is often that there are unique challenges to profitability in almost every industry and so we wanted to create a space for entrepreneurs from across industries and markets to discuss the challenges to profitability in their industries.

Katherine Melchiorre

The biggest challenge to profitability in this industry managing expectations. Some people have an expectation for handmade products to be the same price as places that sell products for much less, but they are able to charge less because they are producing at a higher volume and more often than not, those products are not handmade. Read more>>

Jayquan McNeil

The biggest challenge to profitability is managing the cost of the food to the ratio of people the best way to insure you have the needed funds but still make your living by creating a solid price menu also with the understanding you’ll have to adjust it according ti market price as we all know food has jumped tremendously Read more>>

Nathaniel madrid

The biggest problem is marketing. Being a small self owned and the only employee of a business is tough. Trying to get word out is difficult because i dont have the funds to spend on advertising. I have to rely on my customers spreading the word. I have also done volunteer events for churches to get a wide amount of people to then spread the word Read more>>

Jaime Russell

Profitability is a challenge in the industry of professional photography because a very wide range of pricing exists among professionals as well as amateurs who are building their portfolios. Read more>>