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The Challenge of Attributing ROI in Creative Industries | Mark Wonderlin
Manage episode 445613860 series 3589636
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PROFITABLE TALKS...
Mark Wonderlin, owner of Mosaic Media Films, shares his journey in the video production industry and the challenges of balancing expenses and sales volume. He emphasizes the importance of focusing on the aspects of the business that bring joy and outsourcing the rest. The conversation also touches on the difficulty of attributing ROI in creative industries and the need to connect the dots for clients. The episode concludes with a discussion on the misconception that growth is always the best path for businesses. In this conversation, Christian Brim and Mark Wonderlin discuss the importance of profitability in creative businesses. They emphasize the need to be intentional with money and to focus on profit first. They also discuss the challenges of scaling a creative business and the importance of clarity and focus. Mark shares his personal journey of going from nothing to owning a successful video production company. They also touch on the pitfalls of getting caught up in the pressure to scale and the constant need for new equipment. Mark shares his vision for the future, including expanding his company to multiple cities and leveraging AI tools.
PROFITABLE TAKEAWAYS...
- Focus on the aspects of your business that bring you joy and outsource the rest.
- Connecting the dots for clients is crucial in creative industries to demonstrate the value of your work.
- Attributing ROI in creative industries can be challenging, but looking at the overall impact on the bottom line is important.
- Growth is not always the best path for businesses; it's important to consider what truly brings fulfillment and success. Being intentional with money and focusing on profit first is crucial for the success of a creative business.
- Clarity and focus are key in scaling a creative business and defining one's zone of genius.
- Avoid getting caught up in the pressure to scale and the constant need for new equipment.
- Manifesting and envisioning success can help drive personal and professional growth.
- The goal is to create a business that exists outside of oneself and can be managed from the top.
- AI tools may play a larger role in the future of creative businesses.
Ready to turn your PASSION into PROFIT?!? Let's get CREATIVE ➡️
https://www.coregroupus.com/profit-first-for-creatives
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