Category: Budget, Taxes and Financial Stuff

Profit Margin Explanation for Entrepreneurs. The Enlightened Creative.

4 Key Things to Know About Your Company’s Profit Margin

Not too long ago, I gave a presentation to a room of entrepreneurs. During my presentation, I mentioned the small profit margin that some new entrepreneurs may have during the first year or two of their business. After my presentation, I received several questions about an entrepreneur’s profit margin, so I provided a video below detailing “4 Key Things to Know About Your Company’s Profit Margin.”

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My Bargain Basement Story. The Enlightened Creative.

My Bargain Basement Story

Since I was very new to the wedding industry, I needed to figure out how to compete with the more established planning companies. So, I charged less than ½ of what my competition charged. If you combine that unreasonably low fee with the ridiculous amount of work I put into my 2008 wedding season, I can assure you I made NO PROFIT that year.

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Hey there trailblazer!

I’m Kawania (kuh won nee ah) and I own and lead two successful businesses in the creative industry.

When I started Howerton+Wooten Events in 2007, I found myself “googling” a bunch of business questions that aren’t always discussed in business books. You know what I’m talking about, right?!? Those “start up” challenges that keep you up until the wee hours in the morning.

Believe me, I’ve been there — That’s why I launched this blog. To provide you with a resource you can reference with those “middle of the night” questions as you launch, run and scale your own successful (and sustainable) business. There’s lots of information in this blog, so bookmark it and hit me up if you have any questions. We all need a little guidance every now and then, right? Take care friend. Keep shining!

Love and Soul Always, Kawania

Popular Business Post

5 Rules for Keeping Your Business Cash Flowing. The Enlightened Creative.

5 Rules for Keeping Your Business Cash Flowing

Popular Personal Post

Kawania Wooten and Chris Wooten. The Enlightened Creative.

Three Things My Husband Taught Me About His Life As An Entrepreneur’s Spouse