SCORE Workshop - Increasing Profitability - Part 1 

Many entrepreneurs start a business in the hope that it will be their path to wealth and an independent lifestyle. To reach these goals, an entrepreneur needs to understand what drives profitability and to stake out their profit upfront instead of hoping it shows up at the end of the year.

If you are running a business that never seems to be as profitable as it should be, you need to attend this two-part workshop.

In Part One, we will review:        

Budgeting for Profitability – Entrepreneurs often budget by taking last year’s sales and increasing it by a few percent, if they budget at all. This section will take the traditional Revenue – Expenses = Profit equation and turn it around to make sure you are budgeting for profit first.     

Determining the Owner’s Profit - Learn how to determine how much profit you should expect your business to generate and how to make sure it actually ends up in your pocket.        

Controlling Operational Expenses – Entrepreneurs often pay attention to sales and little else.  They expect extra sales to result in extra profit, but too often this does not happen.  This section examines all categories of operational expense with a goal of significant overhead reduction.          

Controlling Variable Expenses – We will perform a similar analysis of variable expenses to suggest ways to reduce them and increase gross profit.  We will also look at the different impacts of operational versus variable expenses and why you should take steps to move expenses from one category into the other.

Registration is required. 
You need to register for both sessions separately.