Profit Lab is a 2-day live online workshop for business leaders this December 7th & 8th.
It's time to build a business that works
What's your simplest, most direct path to profit? If you haven't consciously plotted this out yet, you're on a hamster wheel to burn out or worse!
Listen, you're amazing at what you do, but that doesn't mean your business works. It's probably more complex than it needs to be or doesn't have a functioning business model.
More sales isn't the solution. Even if you do increase sales, that doesn't necessarily lead to profit, either.
What you need to examine is:
Who is your customer?
What are you selling them?
How can you create more simplicity and consistency in what you deliver?
How much did you earn and spend in your business in 2017?
How much will you earn and spend in 2018? How much will you pay yourself?
Your answers to these questions form the foundation for your financial model. Do the numbers work?
If you can't get your plans to show profit on paper, it's unlikely you'll make them work in real life.
Revenue rarely means more profit unless you make it so. That's what I will show you how to do.
So hit pause and sign up for this 2-day workshop on December 7th and 8th to figure out yours.
The Profit Lab is a true "work"-shop with laptops on the table, financial statements in hand and Excel spreadsheets in the making.
Worried about overwhelm? Not knowing what your financial picture looks like now and whether you can participate? That's normal! You're normal! Almost everyone will be in this position. I've designed this workshop to make sure that you don't get lost or overwhelmed regardless of what you currently know or don't know about your business finances. I can help you move forward no matter where you are and get you to a whole new level of clarity.
We're going to create your 2018 financial projection model on the spot.
I'm Amanda Steinberg, leader of Profit Lab
Currently, I'm the CEO of DailyWorth, a media and education platform and WorthFM, a registered investment advisor. Over the last 20 years, I've built multiple businesses across tech, media and financial services.
I'll be leading this 2-day virtual workshop Profit Lab. Hope to see you there!
WHERE DOES PROFIT COME FROM?
In theory, building your business should be easy: sell people something they want, and charge more to deliver it than it costs you to provide. And then the human mind gets in the way, new costs emerge, sales campaigns don't perform as expected and payments take longer to receive than promised. In 2018, you need a financial model that plans for this. Here's how to create one.
STEP 1: PROFIT & LOSS STATEMENTS
Don't have one? Here's what it is and why you need one. Already have one? Here's what it means and how to use it as a tool to manage your business.
STEP 2: CASH FLOW
Just because you earned $30,000 in revenue one month doesn't mean you get $30,000 deposited in your bank account. Construct a cash flow tracker to use cash and credit on hand now to manage your way to greater cash flow in the future.
STEP 3: KEY PERFORMANCE INDICATORS
While every business is different, specific performance metrics are common to most. Learn about the total universe of metrics and adopt the ones that most apply to your business. Some matter more than others. What metrics will you choose to track? We look at them for 2017 and project how you want them to change for 2018.
STEP 4: 2018 FINANCIAL PROJECTIONS
Create a first draft of your 2018 financial projections. What services and expenses will carry over from 2017? Do you need to make small changes or big changes to how you operate your business? Validate that your financial model makes sense, your plans are profitable and YOUR paycheck and expenses are fully accounted for.
SIGN UP BELOW
WHEN: Thursday, December 7th and Friday, December 8th
WHERE: Virtual online workshop using Zoom Price to attend: $1,999
CreateWorth is a service offering of DailyWorth.com, Inc.
and its advisory affiliate, Worth Financial Management, LLC (“WorthFM”), a
registered investment advisor with the U.S. Securities and Exchange Commission
(“SEC”). Membership in CreateWorth includes engagement of WorthFM as a
financial advisor for financial planning and related services. Worth
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