Let’s kick off the year by anticipating your business’s 2025 financial performance and identifying the most high-impact drivers of success. This month focuses on setting the foundation for intentional profit management through accurate projections and clear, measurable KPI’s.
February is all about setting the tone with your team! Your employees want the company to succeed, but they need clear guidance on how they can contribute to healthy profits. This month, we’ll focus on identifying the most impactful ways your team can help protect profits, as well as pinpointing
Is there anything worse than running out of money in your business bank account? March is all about monitoring and managing cash flow with forecasting tools and strategies to accelerate receivables, control payables, and build healthy reserves, so that you can have confidence in your cash position.
Make sure you have your materials costs accounted for, and that there is at least one role in your company responsible for maximizing your direct costs. This is one of your most high-leverage areas, and you need to get it right!
Labor is another high-leverage opportunity. It is either your greatest strength or your biggest weakness. Understanding how labor plays into profits and making extremely intentional choices on how to direct your team’s efforts is essential. Get it right and everything else gets better.
In June, get a handle on overhead by gaining a clear picture of your fixed and variable costs that don’t directly generate revenue but are essential to operations. By identifying and tracking these expenses, you’ll be able to make better pricing, budgeting, and profitability decisions.
Now that we have a full accounting of costs and overhead, we can talk about pricing! Having a system and routine in place for reviewing and adjusting prices is a make or break and you might be the worst person for this job. Let’s go through your strategy and see
Not all revenue is good revenue when it comes to profits, and let’s face it – you’re going to need those profits to keep going. So what is it that you offer that really makes the good money, and which clients are on this list? Lean into your margin makers
It may feel more strategic to scale, grow, and expand to new customers—but have you done everything you can for your current customers yet? Strengthen relationships with your existing customers and ensure you’re providing maximum value. By doing so, you can increase loyalty, repeat business, referrals, and long-term revenue.
Congratulations! You have systematically reviewed everything that will ensure your business is built to make profits. Now it’s grow time. How can you expand strategically by selling more of your best offerings to your ideal customers, and which role is accountable for supporting this objective?
November is a great time to check in on how your business (and personal financial life) has been going during the first three quarters of the year. Take a moment to seek out tax advice and implement your strategies prior to the end of the year.
Similar to revenue, not all write-offs are good write-offs. Let’s check for any opportunities to make last-minute purchases that are in alignment with your business goals and budget, and can also reduce your taxable income.
