3 steps to plan for business profitability

3 Steps to Plan for Business Profitability

A Profit Plan is Good for Business

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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.

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The critical numbers income statement

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Sales Gross Profit

Expenses

Profit

Services ✔ ✔ ✔

Products ✔ ✔ ✔ ✔

The critical numbers cash flow

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Inventory

Receivables

Payables

Total cash

Services ✔ ✔ ✔

Products

✔ ✔ ✔ ✔

Step 2: Plan for the future.

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Plan for this

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Expect that it will really look like this

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Sales

TIME IN BUSINESS

Costs

TIME IN BUSINESS

Viable Scalable

Sales

Costs

Step 3: Invest for growth.

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Buy assets that are expected

to increases sales

or lower costs

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H PE IS 🚫NOT

A PLANwww.moneynative.com

Next steps:

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• 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 LemesevskiLiz@moneynative.com / 858-663-2273