THIS WEEK'S JOIN THE CONVERSATION WEBINAR COVERS PROJECTIONS, THE MOST IMPORTANT TOOL TO BUSINESS PLANNING
As a small business owner, understanding the role of projections is crucial. Without a clear roadmap and realistic expectations, your business could be headed for failure. Worse yet, you won't understand why you failed.
At our upcoming "Join the Conversation" webinar, we'll dive straight into why projections are essential and how they can make or break your business. By the end of the session, you'll have actionable strategies to drive your business forward confidently.
HOW TO BUILD A BASIC PROJECTION MODEL USING GOOGLE SHEETS
Many small business owners face a common challenge: building a basic projection model. This task can be particularly daunting for those without extensive financial experience or access to historical data.
During our webinar, we'll address this head-on by demonstrating simple methods to create projection models using a free tool - Google Sheets. We'll cover both service-based businesses and consumer product e-commerce business models.
Together, we'll explore practical techniques to forecast revenue, expenses, and growth, empowering you to make informed decisions for your business's future.
THE KEY COMPONENTS TO SMALL BUSINESS PROJECTIONS
Even with limited experience, you can harness the power of projections to guide your business towards success. By laying out your revenue projections, expenses, and growth targets, you'll gain the clarity needed to navigate the competitive landscape effectively.
During our webinar, we'll cover:
Creating Simple Projections: Understand the basics and implement practical frameworks for straightforward projections.
Assessing Needs for Expected Growth: Learn to forecast requirements and allocate resources effectively to fuel your business's growth.
Adjusting Strategies for Reality: Identify discrepancies between projections and reality, and develop resilient strategies to stay on track.
We'll also touch on frequently asked questions from our office hours, including:
adding value to your business from existing customers over time (lifetime value)
how add-on services can contribute to revenue while you build for scale
why subscriptions should be a key consideration in almost any small business
Don't let uncertainty jeopardize your business's future. Join us on Thursday night AT 7 PM ET for essential insights that could save your business from failure.
All Join the Conversations are free to our members. Hope to see you there!