Are you happy with the profit you are currently generating? Do you actually monitor your numbers regularly? Get crystal clear on where you stand financially with your business right now! Below you'll find a Finance Template that will help you get a clear overview of your monthly revenues, cost and expenses, and your resulting profit.
Next, let's fine-tune your yearly revenue goals. How many clients do you want to sell what products and services to, at what prices? Once you know where you stand and what your revenue and profit goals are, you hold the "steering wheel" of your business in your hands. This will help you to focus on business activities that bring you the greatest results with the smallest effort on your side.
Now it's time to step up further. Select one of the most promising Profit Uplift Strategies that you are walked through on this Module 2 and start implementing it. If you keep regularly monitoring your financial status, you keep an eye on your revenue and profit targets and you keep implementing new Profit Uplift Strategies - one at a time, you will eventually increase your business success as much as your asset value. Have fun diving into your numbers!
Your Work documents
Enjoy diving into your numbers! We recommend, that you block 2 hours in your calendar over the next 2 weeks to
- Explore opportunities to decrease your cost and expenses
- Fine-tune your yearly revenue target and your plan on how to achieve them
- Select one of the described Profit Uplift Strategies and start implementing it.
Click on the picture below to download the Finance Templates File. Enjoy working through it over time. It is likely to take more than 2 weeks to fill it all and to get a clear overview over your financial status, if this is the first time you are doing it. Just start filling it, one sheet at a time! And, if you already have an accountant or other assistant, or you are using a Finance Monitoring and Planning Tool, even better. Just ensure that you are regularly looking at your financial trends inn your business and you define your business strategies and focus activities around them.
Keep in mind that all training documents have been carefully crafted to support you on your journey. However, you might take longer to get all the answers to all your questions ... and that is perfectly fine. Just work through it at your own pace and enjoy your new insights and successes as they come.