New to the profit and loss statement? Getting confused with all the terminology? Well, fear not! In this article, we break down net profit and revenue and compare the differences. You’ll be a revenue and profit wizard in no time!
Get a free profit and loss template on us! Claim your template in this article, which features: equations to calculate totals, the ability to place your figures into the correct financial accounts
and creates a professional financial report with ease – rather than expertise!
In the last article of the 90 day challenge, we discussed how to successfully complete a soft launch. With a soft launch, you are only releasing your product/service with the bare essentials and zero marketing fanfare. Now that you’ve done that, it’s time to start getting ready to fully launch your business. In this article, we’ll explore the launch process in depth.
Launching your business can be a nerve-racking time.
If, however, you’re not quite ready to fully launch just yet, why not try testing your product or service out in a more controlled environment?
Both beta testing periods and soft launches are highly valuable learning procedures. You can gain some insightful customer feedback and iron out any kinks in your business before you fully go to market.
In this article, we’ll guide you through each stage of these processes to help you gain the most value out of this experience.
In the last week of the 90 day challenge, we discuss how to fully launch your business.
Preparing for a full business launch can be a stressful time. However, this week, we will guide you through each stage of the business launch. We will look at everything from beta testing to completing a soft launch.
By the end of this week, you will be able to confidently and smoothly go to market.
In part 3 of our business planning series we tackle the dreaded financial forecast head on. You’ll pull together everything you’ve learnt in the 90 day challenge to create compelling, realistic financial projections for your startup. It’s not as scary as it seems and we’ll show you exactly what you need to do.
A financial plan is essential to any business plan. But it’s also essential to you as a business owner, to give you a solid grasp of your finances. Let’s tackle the third and final part of the business plan series.
So far in your business plan, you’ve demonstrated that you’ve thoroughly researched the market and your competition. Now it’s time to write about the practical side of your plan.
Last week, we explored how to format your business plan, as well as writing your executive summary, utilising your competitor analysis and setting your objectives.
It’s time to focus on the specifics of how your business is going to run and operate on a daily basis.
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