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Chapter 1: Is Your Business Fit

What You'll Learn in Chapter 1:

 

  • Gut Check: Evaluate your business's current viability and prepare for critical assessments from potential funders.

  • Top Line Revenue: Understand the importance of sustainable revenue and how to present it convincingly to creditors.

  • The Factory: Gain insights into managing your costs and improving efficiency in your production or service delivery.

  • Discretionary Spending: Learn to justify every expenditure and link it to your margins.

  • Income & Expense: Navigate the complexities of income and expenses to determine true profitability.

  • Balance Sheet: Assess and leverage your existing assets effectively.

  • Profit Accounts: Implement strategies from "Profit First" to ensure your business generates consistent profit.

Chapter 1: Is Your Business Fit

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