Hello Profit Maximizers!
Today I want to discuss two very important tools that will help you improve business performance fast. These two tools are often overlooked or misunderstood. Building a profitable, successful business requires small business owners and their staff to work SMART and be proactive instead of reactive.
I understand that financial management may not be something you want to do, however, in order to achieve high results, it’s something you must do. But there is a downside to it….. reviewing your financial reports is basically looking in the rearview mirror. Now, don’t get me wrong, that is important because you will learn from your successes and failures but that’s only part of the solution. What do you do about the future?
You use the tools in this week’s episode of Say Yes To Profits TV:
Forecast Projection. While often overlooked or misunderstood, a Forecast Projection is one of the most valuable tools for small business growth. This report will provide you with insight into your future. This tool will help you prepare for the highs and lows of your business before they appear. You can prepare a forecast projection by using different scenarios and for particular periods. Visualize where you would like to be in the next three, nine or 12 months. Now create a forecast projection of your revenue, expenses, business opportunities and threats. This simple but effective tool will help you understand your value and operate efficiently and effectively.
Business Benchmarks. Benchmarking is the process of evaluating your current success based on predictions. You use benchmarks to ensure that you remain on task or/and on time. For example, if you set a goal to earn $10,000 in one month and if you have not earned $5,000 by the 20th this is a key indication you must kick it up a notch. You can also use business benchmarks to compare your business to other businesses in your industry. Again, the purpose of benchmarks is to keep you on track and ensure that you achieve your goals.
In order to grow your business, it is important that you plan for the future and track your progress along the way. Using forecast projections and business benchmarks will help you achieve, possibly even exceed your business and financial goals. During my upcoming seminar, More Money, More Profits NOW, I will discuss additional tools that will help you earn more money, keep more money and grow your business.
At this times, the early bird tickets are on sale. The seminar will take place on February 27th in Atlanta, GA. If you have declared 2018 the best year yet in your business this seminar is for you. Secure your seat today and you will soon begin to Say Yes To Profits!
CEO of Say Yes To Profits, a virtual CFO and bookkeeping firm that focuses on educating dentists, consultants and services-based businesses on how to use their numbers to increase cash flow, boost profit margins and grow their business faster.
Founder of the Say Yes To Profits Academy and author of the bestselling book, Say Yes To Profits NOW, Octavia”The Profit Maximizer” Conner is known as America’s Leader in Profit Maximizing For Small Businesses. She is equipped with over 14 years of finances, accounting, and business development experience.
Octavia Conner is a high achieving accountant and financial management consultant who specializes in closing financial gaps and locating hidden money leaks in order to significantly increase profit margins.
She has a keen eye for improving the financial health of a company and as a typical result, clients double (even triple) their bottom line within the first 60 to 90 days of her guidance.
Download her free cd today to learn how your business can start to Say Yes To Profits!
For more information contact SayYESToProfits.com