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.

Tony The Detail Guy

Finding good help it’s finding people to work after the pandemic and getting local detailer in the area to work together and to stop under bidding on jobs if we all worked together in a sense like all staying in the same price range we would have to seem like we’re working for peanuts at time let’s say a client call s and I explain that a detail consist s of and that my detail s start at 150$ and the client calls another detailer and does it for 50$ how could we set a standard in our own prices and the quality of work we put up I know it not busy every day but we all do it hopefully for the love of detailing but most do it for the money that’s why I’m starting Our Family Networking Group were we take care of us first and then the world a place were we can help one another be more successful cause as much as as I want to clean ever car in the us laI can t so when I’m busy I always tell them to call another llocal Detailer ll Jay at 5Star auto detailing and we been helping one another since the day we meet one hand washes another. Read more>>

Kelsey Gizelle

It’s easy to view people who work in the film and beauty industry as easy money makers. Movies make billions of dollars a year, and beauty products fly off the shelves every second. Behind the scenes it’s a completely different story. Speaking as a makeup artist, we work long hours and actually perform tasks people would not think a makeup artist would have to do. Such as accounting our finances or coordinating with productions. It’s a physically demanding job. We sometimes carry kit loads up to 60 pounds, and we travel constantly to various locations daily or sometimes weeks at a time. For people outside the industry they don’t get to see that, but for those that are we are a small and sometimes belittled department. Read more>>

Marcus Watts

In the lively Orlando photography and videography industry, we embrace competition and use it to fuel our commitment to delivering exceptional services and creative experiences. Technological advancements are seen as opportunities to elevate the quality of our work and impress clients. While there are occasional challenges in maintaining profitability, we view them as stepping stones to growth and success, with smart financial planning and service diversification. Read more>>

Brant Day

Any designer, illustrator, or future freelancer who desires to go into a service based pesonal business should learn the ins and outs of running a business with a similar model. I saw my father go through this struggle after he left his job at a large agency. Luckily he had been working as a senior VP in that company and had the sense for what was required to run his own design firm. My biggest challenge, and the ongoing struggle, is finding people who need my services and convincing them they are worth a certain price level. I knew that I needed additional mentoring after I left school and I knew I needed to see the structure of the business in order to know what would happen when I went on my own. Read more>>

Chris McColl

The biggest challenge to profitability in the specialty coffee industry is the all-too-common business model that is actually broken. Let me say it plainly; you cannot sustain a cafe business just slinging coffees and croissants! Your shop really needs to diversify its offerings – from beverages to retail – while catering to the immediate needs of your local community. Another important cog of the broken business model is poor operating hours. If you have to make $5000 in rent each month, do you think you’ll be more successful doing it being open for 8 hours or for 12 hours? It’s important to vertically maximize your coffee business. Hosting events, collaborations with local businesses, or even allowing another business to use and activate your space in “off-hours” can dramatically increase profitability. Read more>>

Kentrice Schexnayder

Some of the biggest challenges in profitability are getting people to understand that original art is a luxury and an asset therefore it can be costly. People tend to look at art as “play” so they rarely understand the numbers associated with pricing. they don’t see the value in the process of creating. Also because being a creative is somewhat of a service and mostly has to be done by the Artist. We can lose a lot of money in time spent on one piece, because of that, we have to factor time into the cost which is something that is often misunderstood by an uninformed collector. Read more>>

Jennifer Conrad

Baking, a blend of creativity and precision, often attracts hobbyists who see their confections as works of art. However, this artistry can lead to a major problem in the baking industry: the struggle to determine fair pricing that ensures profitability. Many bakers find themselves grappling with the challenge of valuing their masterpieces correctly. It’s not merely a matter of understanding the costs of raw ingredients and time invested; it’s also a battle of confidence in assigning value to one’s artistic creations. As bakers and business owners, we pour our hearts into crafting hand-made cookies and cakes, but when it comes to pricing, the emotional attachment to our work can cloud our judgment. Read more>>

Jonathan Mendoza

The floral design Industry is constantly changing and adapting to new trends, staying relevant is one of the constant challenges that requires time, uniqueness, investment, relevance and a huge load of imagination. Read more>>

Samantha Silverman

In my opinion, accepting Health Insurance is the biggest challenge to profitability in the mental health industry. I LOVE being able to accommodate our clients’ mental health needs and ensuring they can use their insurance benefits for counseling. However, health insurance is a convoluted, bureaucratic, and a heavily regulated maize. Mental health care workers are frequently scrutinized by recurring audits, low reimbursement, clawbacks or recoupment (insurances demanding funds be returned after paying for claims), and claims being denied for no decipherable reason. Due to these constraints, practice owners and providers are refusing to accept health insurance and turning to private pay practices. This is detrimental to the client, who oftentimes pays an exorbitant monthly premium for care. Read more>>

Nova Maddux

Honestly, I would say the biggest challenge is finding a unique niche, or identity in the spiritual communities. In an industry that is consistently, and steadily growing; it can be difficult to market, attract the right clients and even just get your name out there. Even if what you do is done by others, how can you make yourself stand out and get the recognition deserved? It’s a sad thing to see when so many truly skilled, educated and talented people get overlooked, or undercut because some other people don’t understand their full value and worth. Read more>>