4 Ways To Make More Money
In this 5-minute small business class online, you will learn 4 ways to make more money in your small business.
Recommended Pre-Requisite Classes: None
Instructor: Jennifer Croft
Please note: You may have to raise the volume on your computer or phone to be able to clearly hear the video.
In this 5-minute, online class, you’ll learn 4 ways to make more money in your small business – permanent changes that will make your business more profitable. You’ll find out how to bring in more money, by raising prices and/or selling more products and services. You’ll discover how to spend less, by reducing your cost of goods and/or reducing your monthly overhead (fixed expenses). You’ll see examples of how implementing small changes can make a big impact on the bottom line of your small business.
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Related ClassesHere are other small business classes online that relate to 4 Ways To Make More Money:
•How To Forecast Monthly Overhead Expenses
•How To Calculate Cost Of Goods (COG)
•How To Calculate Gross Profit (GP)
WorksheetsThe following small business worksheets will be helpful for you to use:
•Monthly Overhead Expenses – 1 month
•Sales Forecast – 1 year
•Marketing Plan – 1 year
Next StepsAfter taking this class, here are some good next steps you can take:
•Write a 1-year marketing plan, with a focus on increasing sales.
•Consider a price increase on some or all of your products and services.
•Explore ways to lower your cost of goods.
•Review your monthly expenses budget, and examine every line item to see if you can reduce overhead expenses.