Topics Covered In This Episode The Concept of "Minimum Viable Resource": Mercer introduces a lean approach to testing business ideas with the least resources necessary, prompting a conversation on cost-effective strategies for validating new business concepts. Smart Resource Allocation: Jeff Sauer recommends utilizing affordable platforms like Fiverr for tasks that require less expertise, maximizing profit margins while keeping client charges steady. Profit-Driven Processes: Sauer reveals a key business insight—distinguishing between contractor labor costs and system costs, a strategy that has led to higher profitability in his ventures. The McDonald's Model for Business: Drawing inspiration from the fast-food giant, Sauer discusses the power of a well-oiled system in delivering consistent results and simplifying talent recruitment, sharing how a similar model streamlined operations at his agency. Analyzing Profitability for Growth: The hosts explore the importance of a thorough service line profitability analysis, with Sauer detailing his approach to specializing and optimizing costs for better financial outcomes. Innovative Solutions to Scale: As the conversation progresses, they delve into overcoming scaling challenges, such as managing payroll through economic downturns and leveraging AI to maintain operational efficiency. Have a question or feedback about Business Unfiltered. Record an audio message https://s.bcast.fm/business-unfiltered-with-chris-mercer-and-jeff-sauer?episode=q803vrqn

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