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RE: LeoThread 2024-11-21 08:32

in LeoFinance7 months ago

Part 6/9:

As the business grew, so did expenses. The decision to outsource prep work to specialized centers, along with hiring virtual assistants for administrative tasks, marked a significant shift in operations. While there was an initial dip in profits during this transition, it allowed the entrepreneur to free up valuable time while focusing on sourcing and strategic growth.

November and December 2023 proved to be the most fruitful months for sales. Capitalizing on holiday shopping sprees, the business reached a peak revenue of $51,000 within a month. By the end of their first complete year in business, total revenue reached a staggering $203,000, with a reported profit of around $34,000 despite reinvestments into the business.

Lessons Learned and Future Strategies