Description

Welcome back to Small Business School! I'm thrilled to bring you the sixth episode of The Boardroom series today. In this series we are giving you a CEO level workshop to get you out of working IN your business so you can start working ON your business. Today we are expanding on episode 5 and diving into some key CEO level numbers that will give you a deeper understanding of your business's financial performance. So let's jump right in!

Topics Covered:

• How to calculate Gross Margin and why it's crucial for assessing your business's profitability.
• The significance of Profit Margin as a measure of your business's overall profitability and why aiming for at least 10% profit is essential.
• Understand the concept of Breakeven and why knowing this number is vital for financial planning and decision-making.
• Customer acquisition cost and revenue per square foot. 
• Why having an ROI mindset is crucial for maximizing the impact of your investments.

Weekly Challenge: Dig into these numbers yourself! What can you learn from your Gross Margin, Profit Margin and Breakeven point?

I am here to help you! Have more questions about your numbers or what they mean for your business? Please reach out, I love helping you reach your goals!

Staci's Links:
Instagram. Website.

The School for Small Business Podcast is a proud member of the Female Alliance Media.

To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.

Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!