In this episode, David Osborne discusses the importance of making decisions for profitability rather than ego in the multi-op DJ industry. He shares his personal experience of expanding his business to include live musicians and the financial challenges it created. He emphasizes the need to focus on core offerings and maintain a healthy profit margin. Osborne also provides industry standards for profitability and explains how to calculate costs of goods sold and fixed expenses. He encourages listeners to make decisions based on profit and scalability, rather than following trends or trying to look cool on social media.
Takeaways
- Make decisions for profitability, not ego, in the multi-op DJ industry.
- Focus on core offerings and maintain a healthy profit margin.
- Understand industry standards for profitability, including costs of goods sold and fixed expenses.
- Consider scalability when making business decisions.
- Avoid following trends or trying to look cool on social media if it doesn't contribute to profitability.
What is Million Dollar Multi-Op?
Welcome to 'Million Dollar Multi-Op', the premier podcast for event DJ company owners aspiring to amplify their impact and income. Host David Osborne with blueprintlearn.com will dive deep on topics that are important to you.
Here you'll find education, inspiration, and entertainment, offering exclusive insights to help you grow your team and hit your goals