Are fixed costs threatening your profit margins? Do you need better financial planning practices to weather economic fluctuations that affect your agency? Learn key strategies for managing finances through unpredictable conditions. 🔔 Subscribe for More Marketing Agency Insights – https://www.youtube.com/channel/UCS3lFRhXKfCZ8FvRqPjy9NA 👁️‍🗨️ About Damian Papworth – Website https://www.globitalmarketing.com/ – Email support@globitalmarketing.com – Free Dashboard https://bit.ly/MAS-podcast – Facebook https://www.facebook.com/globital/ – Instagram https://www.instagram.com/globitalmarketing/ – LinkedIn https://www.linkedin.com/company/globital/ – YouTube https://www.youtube.com/channel/UCxDZibWPtV7scpkhBpYzTQA ⏰ Timestamps 00:00 Intro 01:21 About Damian Papworth 05:01 Why Fixed Costs Are a Major Threat to the Sustainability of an Agency 07:02 How to Integrate Financial Strategy Into the Overall Business Strategy of an Agency 09:14 Key Strategies for Managing or Minimizing Fixed Costs in an Agency 15:21 Backing Into Your Pricing and How it Differs From More Traditional Pricing Methods 18:38 Prioritizing Financial Metrics to Ensure the Health and Success of an Agency 22:26 How to Balance the Need to Cut Costs With the Need to Invest in Growth Opportunities 25:43 How to Manage Fixed Costs as an Agency Grows 30:52 The Challenges of Mismanaging Fixed Costs or Pricing Strategies 35:54 Financial Planning Advice for a New or Struggling Agency Owner 41:12 How Agencies Can Adapt Their Financial Strategies to Stay Competitive and Profitable in a Fluctuating Market #SocialMediaExaminer #MarketingAgencyShow #AgencyFinance