1 rich Libsyn https://www.libsyn.com 90 600 Avenice Thompson, profit-acceleration strategist, focuses on doubling profit without spending on marketing. Avenice shares common business-owner mistakes she observed in her corporate career, including underpricing, poor invoicing, and weak cashflow management, illustrated by a vendor unaware he’d been paid $1.2 million. She explains her proprietary profit acceleration tool that benchmarks a company’s profit margin against industry standards and sets short-term goals. Avenice emphasizes “mindset over money” and her success formula: mindset and movement plus competence, confidence, and commitment. She offers no-cost strategies like the “three 5s” (cut cost of goods sold 5%, cut overhead 5%, raise revenue 5%), reactivating past clients, eliminating unused subscriptions, negotiating rent, and defining a market-dominating position through differentiation and joint ventures. Timestamps: 00:00 Welcome and Topic 01:25 Money Left Behind 04:40 Profit Tool Benchmarking 06:11 Mindset Over Money 08:05 2M Plus 3C Formula 11:07 Three 5s Profit Boost 13:36 Reactivating Past Clients 16:01 Cut Costs and Negotiate 17:27 Market Dominating Position 19:56 Joint Ventures Referrals 23:42 No Cost Differentiation 24:41 Daycare Value Example 28:03 Contact and Programs 30:51 Wrap Up and Free Call &amp;nbsp; Get In Touch: If you're interested in connecting with Avenice Thompson, you can reach her via her website (https://yourbiznessbar.com), via Facebook (https://www.facebook.com/YourBiznessBar/), via Instagram (https://www.instagram.com/yourbiznessbar/ ), or via her LinkedIn (https://www.linkedin.com/in/avenicethompson). For those interested in sharing their own stories on &quot;Chatting with the Experts,&quot; reach out to Paula Okonneh through her website at chattingwiththeexperts.com or connect via LinkedIn. &amp;nbsp; Chatting with The Experts with Paula Okonneh http://sites.libsyn.com/56771/site <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/41812110/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/203380005