DEMO 9 Smart Strategies to Set Your Financial Roadmap

Profit may not be the first thing aspiring business owners think of when they dream of taking control of their own destiny. They are often more focused on the product or service they are offering. Once you?ve been in business for a while though, you learn it?s the determining factor between success and failure. Everything you do to drive profit will help your business to survive and thrive. Cash is as vital as profit, if not more so. You can easily be making a profit, but get into trouble running out of cash. If these are two of the most vital issues affecting business survival, let?s look at how you can proactively handle them. 1. Have a Pl an There?s an old saying ?Most businesses don?t plan to fail, they just fail to plan?. If you want to achieve a desired outcome you need to consider what actions are required to get there. The key elements of profitability are Sales, Costs and Overheads. 2 © Copyr igh t Bu sin essNu m ber sM adeEasy.com by CAD Par t n er s Pt y Lt d
Profit may not be the first thing aspiring business owners think of when they dream of taking control of their own destiny...
Pl an how you are going t o achieve your desired sal es l evel s - What are you going to sell? How much of it are you going to sell? Who are your target customers? What marketing are you going to implement? How will you measure effectiveness of your marketing? How will you manage sales enquiries? How will you measure effectiveness of your sales process? How much marketing and sales activity do you need to perform to achieve the sales you desire? Pl an your cost s and how t o minimise t hem... - - - Understand the ?true cost?of your product/ service, including everything involved in getting it ready for sale. This enables you to set the right price to ensure a decent margin. Shop around to get best pricing on what goes into creating your product/ service. Constantly monitor costs to ensure they aren?t creeping up and so that you know when to either seek better pricing from suppliers or increase your price to maintain your margin. 3 © Copyr igh t Bu sin essNu m ber sM adeEasy.com by CAD Par t n er s Pt y Lt d
Pl an how you are going t o achieve your desired sal es l evel s -  What are you going to sell  How much of it are you goi...
To cont inue reading t his eBook and many ot her great eBooks and Bl ogs, pl ease go t o www.businessnumbersadvisor.com and become a member t oday. Membership wil l al so give you access t o al l t he t ool s and met hodol ogy you need t o set -up a successf ul consul t ancy business incl uding usef ul cal cul at ors and t empl at es t o hel p you connect wit h cl ient s. © Copyr igh t Bu sin essNu m ber sM adeEasy.com by CAD Par t n er s Pt y Lt d
To cont inue reading t his eBook and many ot her great eBooks and Bl ogs, pl ease go t o  www.businessnumbersadvisor.com a...