Download - 3 Steps to plan for business profitability
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3 Steps to Plan for Business Profitability
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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
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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 ✔ ✔ ✔ ✔
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The critical numbers cash flow
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Inventory
Receivables
Payables
Total cash
Services ✔ ✔ ✔
Products
✔ ✔ ✔ ✔
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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
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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
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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 [email protected] / 858-663-2273