How To Double Your Profits In 90 Days
Even if you spend sufficient time working on your business, (which most business owners don't), you need to know what to do and in what order. I believe that in most cases the logical order is as follows:
- Set and write out your goals and strategy
- Work out your break-even point after paying yourself first
- Master your time management - otherwise nothing gets done properly
- Work out where you are now in terms of the "5 step profit formula" (leads, conversions, average prices, number of transactions and gross profit margin)
- Prioritise these 5 steps according to where you are with your business - for instance are you a new business or a well established one?
- Identify one or two strategies to implement at a time designed to make 1% a week improvements in the 5 key areas
- Measure and track your progress - which is crucial
- Review after 90 days!
Analyst at UC Davis Health
7 年M
Analyst at UC Davis Health
7 年. .
Analyst at UC Davis Health
7 年.. .
Analyst at UC Davis Health
7 年.