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.