The cost of labor for your company: $235,078
Your desired profit: $117,539
Your total to cover labor costs: $352,617
Payroll is your biggest expense and your biggest investment. It is also the hard...
Negative cash flow is not a sign of failure. It is actually a normal part of operating your business. Think of it like the ocean and the ebb and flow of the tide. The same is true for your business in...
There is something deeply calming about knowing that money is coming in before you even start your day. Not because you hustled harder yesterday. Not because you chased another sale. When you rely onl...
“82% of businesses fail due to cash flow problems,” according to Jessie Hagen of U.S. Bank, cited by SCORE, Counselors to America’s Small Business. The American Psychological Association reports that ...
There is a completely different kind of confidence that comes from truly knowing your numbers instead of guessing, hoping, or trying to feel your way through decisions. When your books are clean and u...
Most business owners believe the sale is the hard part. In reality, the hardest phase of a recurring revenue relationship begins immediately after the contract is signed and the first payment is made....
Some estimates suggest that as many as 50 percent of businesses fail within the first five years. Depending on your industry, that number can climb even higher. Even if we take the most optimistic int...
At this stage, your KPIs are now showing you how your business is performing in real time.
You have used the EPI Formula to calculate your income goal.
You have broken that goal down into revenue ge...
This KPI focuses on the specific number of clients you need to achieve your bite size income goals for each revenue generator.
At this point, you already know your total income goal from the EPI Form...
How do you take a big sales goal and turn it into bite-size targets while also diversifying your income? That is exactly what this financial KPI does for you. It calculates the dollar amount each reve...
Finding the average price point for each revenue generator is often harder than it seems. Most business owners get stuck on the outliers. You may have a few high-paying clients or a few lower-priced j...
Diversifying your revenue generators is what keeps your business in business.
We have already talked about how important it is not to put all of your eggs in one basket when it comes to the services ...
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