Workbooks - Profits & Finances - Boost Your Financial Performance

Profits & Finances > Boost Your Financial Performance

Boost Your Financial Performance

Who this is for: Owners of small businesses who are not financial experts but want to get more profitable.
8.5 x 11, spiral bound, 47 pages.

$ 14.95 Back
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Who this is for: Owners of small businesses who are not financial experts but want to get more profitable.

You are in business to make a profit. Yes, for other reasons as well, but they cannot be realized if you are not profitable. So assuring your cash flow and profitability are essential.

Many small business owners are not financial whizzes! You get into business to pursue something you are good at and love doing, then say, “I’ve got to make a steady profit to thrive and grow!”

This workbook gives the basics of watching your operation and assuring profitability, for those who are not whizzes. These exercises help you answer basic questions:

Your paycheck. How much revenue do you need to survive? To thrive? To pay yourself what you need and deserve?

Profit. How can you run your business to focus on profit, not just on revenue? How much profit do you need? What does profit mean if you are a sole proprietor?

“Profit killers.” How can you avoid the common traps that small business owners fall into?

Revenue. How do you set revenue goals that aren’t just blue sky guesses? How can you smooth out a bumpy revenue stream.

Cash flow. How can you boost your cash flow—especially to meet the needs of growth? How can you calculate your cash flow needs?

Comparing profitability. How profitable are the different things you sell? How can you compare their profitability? How can you gauge the likely profitability of something you haven’t sold yet?

Setting prices. How do you set prices to make sure you cover all your costs?

Payback. How do you know if money you invest will pay off and make a good return?

Budgeting. How can you set a spending plan and stay on it? How do you control costs that tend to get out of hand?

Tracking performance. What numbers should you watch closely to stay on target? To spot trouble coming along? How can you create financial statements that help you make good decisions?

Raising capital. Where do you get the funds needed to grow your business?

Getting financial help. If you are not a financial expert, how do you know whether accountants, bookkeepers, etc. are giving you what you need?