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.

Monique Hill

One of the biggest issues in my industry with profitability is, clients not exactly understanding where and what the monies are used for. Clients can sometimes have grand ideas that may not match their current budget. Sometimes having similar companies undercutting pricing, which essentially brings the entire market down. Also, clients not willing to appreciate the time and effort it ACTUALLY takes to make their events such great successes. Read more>>

Anjru Adams

I would say the hardest way to gain profit in the music industry is hard ticket sales. It’s also the best way to gain a profit because if you can sell out shows you can make money off the tickets probably more merch sales that way to. It’s a challenge because its a real test to your music and tells you if your music is really good or not. Do people want to use their hard earned money to come see you perform? Read more>>

Brian Smale

The increasing commoditization of photography. Read more>>

Jessica Fultz

The apparel industry is saturated and in a struggling economy and the age of convenience, it’s easy to understand why supporting smaller apparel companies isn’t at the forefront of consumers’ minds. It’s an effort to be competitive in pricing while maintaining a high level of quality with one-of-a-kind designs. Personally, I will never place profitability over quality and my vision for my brand. I create and sell items that I want to wear, and that I do wear. Read more>>

Chris Hawkins

In the industry of music production, one of my biggest challenges to profitability is a growing industry of AI generated works, along with potential clients who want to under pay for your services. Read more>>