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A step by step guide for managing your income positively
The network for creativity
Join 1.25M professional creatives like you
Connect with clients, get discovered, and run your business 100% commission-free
Creatives on Contra have earned over $150M and we are just getting started
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I'm starting this new series
Road to a $1M. I'm not far, and I'd like to document the way there.
Not only for me, but for people to see what it takes, get inspired and understand you can do it yourself.
What are the does and don'ts and ultimately what works for me.
Not sure how many episodes this series will have, as much as it takes I guess.
Enjoy, and comment below if you have any questions :)
Wow. I am inpsired that people really make money on Contra. I am going to start taking contra diffrently. Let us connect bro
A store made $2.3M in revenue and was still losing money. Here’s where it was going wrong.
I built a Sales & Profit Analysis dashboard covering 4 years of data
And the numbers told a story revenue alone would never show.
The findings:
📍Furniture had $740K in sales but only $20K in profit
📍Tables and Bookcases had negative margins which means selling more meant losing more
📍The South region was bleeding compared to every other region
📍Technology was quietly carrying the entire business
The fix wasn’t complicated once the data was clear:
✅Reduce Furniture discounts and renegotiate supplier costs
✅Invest more in Technology since it’s already winning
✅Study the West region and replicate it in the South
That’s what a good dashboard does.
Not just show numbers
It shows you exactly where to act.
This dashboard was built with Power BI.
The hardest part was knowing which questions to ask before touching the tool.
What’s one business decision in your industry that data could make obvious but most people still make on gut feeling?
Thank you
Challenges
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