Getting into your numbers mini-series part 5:
A Visionary had a strong business and his next benchmark was to break £1MM net profit. We made our analysis, and given his margins and the particular strengths of the business, decided together on the best markets to go after. From there we made a plan of action, finding the big wins and setting up targets in order to reach the desired profit.
Another benefit is that because this client was focused on the number he wanted to see on the bottom line at the end of the year, and he knew the most efficient path to get there, he wasn’t distracted by anything that was going to take his time or attention away from reaching this aim. Knowing the numbers brought a clarity and focus that he hadn’t previously enjoyed in his business. It also meant he didn’t need to stress about whether he was doing ‘enough’ – he knew what he had to do, and at the end of the day, could go home happy in the knowledge that all was well, he was on track for a great year.
Are you looking at the whole picture in your business? Or are you more like the big bird with its head in the sand? If you’d like to simplify and grow your business, and take home more profit, you need to get into these numbers! Email rhoda@rhodagold.com for your free consultation.
Read the next in this min-series: 6. Talking about Numbers…