3 steps to plan for business profitability
TRANSCRIPT
3 Steps to Plan for Business Profitability
A Profit Plan is Good for Business
www.moneynative.com
A profit plan helps•keep the business on track•attract lenders or investors•attract buyers of your business
Step 1: Keep track of the businesses’ critical numbers.
www.moneynative.com
The critical numbers income statement
www.moneynative.com
Sales Gross Profit
Expenses
Profit
Services ✔ ✔ ✔
Products ✔ ✔ ✔ ✔
The critical numbers cash flow
www.moneynative.com
Inventory
Receivables
Payables
Total cash
Services ✔ ✔ ✔
Products
✔ ✔ ✔ ✔
Step 2: Plan for the future.
www.moneynative.com
Plan for this
www.moneynative.com
Expect that it will really look like this
www.moneynative.com
Sales
TIME IN BUSINESS
Costs
TIME IN BUSINESS
Viable Scalable
Sales
Costs
Step 3: Invest for growth.
www.moneynative.com
Buy assets that are expected
to increases sales
or lower costs
www.moneynative.com
H PE IS 🚫NOT
A PLANwww.moneynative.com
Next steps:
www.moneynative.com
• Visit me during GURU Hours for 30 minute discover session• Wednesdays 10am Hera Hub Mission Valley
• Sign up for my 5-week workshop• Build Your Profitable Business Tuesdays 5:30 – 7pm HHMV starting 1/26/16
• Hire me for a 6-week coaching package• Must complete an “Are you ready” self-
assessment• Follow me on Twitter (moneynativesd) or like my
Facebook page or sign up for my quarterly newsletter
• Liz [email protected] / 858-663-2273