Profit Planner

What is revenue and profit? Do they mean the same thing? Should a business measure one or the other? Revenue and profit are equally important in a business’s financial success, but they'er not the same.

Revenue is the money your business earns from sales or services. It’s the money your clients or patrons give you.

Profit is the money left over after paying expenses. It’s the value your business creates for you.

Profit Formula

Profit = Revenue - Expenses

Tracking your profit, can give you a better insight into your business’s health because it summarizes all aspects of the business into one number.

Calculate Your Profit

Let's get started by calculating your current profit. Enter your best guess for revenue and expenses below. You can always come back and update them later.

$

Amount deposited into your accounts

$

Amount withdrawn from your accounts

Your Profit

Right now your business looses about $0/year.

Yearly $0 $/year
Monthly $0 $/monthly

Future Profit

Now that we know your business earns about $0/year, let's set a goal to improve it.

$

Over the next year, how much would you like to increase your profit? Is there a specific amount that would make your business feel financially stable? Are there opportunities to improve by 5-10%? Enter an amount that feels reasonable to you. You can always change it later.

How much do you want to improve next year?

$

How much do you want to increase your profit?

$

How much do you want to earn next year?

Your Future Profit Goal

By this time next year, your goal is to increase your profit by $0 and achieve an overall profit of $0/year.

Future Profit $0 $/year
New Profit $0 $/year

Future Expenses

To achieve your profit goal, you need to increase your profit by $0/year. One of the quickest ways you can increase your profit right now, is to reduce your expenses.

Profit = Revenue - Expenses

Profit is the revenue you keep after expenses. So if you can reduce your expenses, you can keep more of your revenue as profit.

$

Over the next year, are there opportunities to reduce your expenses by small amounts? Are there services or products that you aren’t fully benefiting from, or inventory that is unused or thrown out? Think of the changes you could make and enter an estimate savings or budget for this time next year.

How much do you want to save from your expenses next year?

$

How much do you want to save from your expenses next year?

$

How much do you want to budget for expenses next year?

Your Future Expenses Goal

By this time next year, your goal is to reduce your expenses by $0/year, and achieve an overall budget of $0/year.

Future Budget $0 $/year
New Profit $0 $/year

Future Revenue

In the previous sections, we’ve looked at your future profit and future expenses. Now we can calculate your target revenue using a version of the profit formula.

Revenue = Profit + Expenses
Profit $0 $/year

+
Expenses $0 $/year

=
Revenue $0 $/year

Your Future Revenue Goal

By this time next year, your goal is to increase your revenue by $0/year, and achieve an overall revenue of $0/year.

Future Revenue $0 $/year
New Profit $0 $/year

Make a Profit Plan

So far, we’ve calculated your current profit, set a profit goal, reviewed your expenses, set a savings goal, and calculate a revenue goal. These are your target revenue, expenses, and profit for one year from now.

Future Target

Revenue $0 $/year

-
Expenses $0 $/year

=
Profit $0 $/year

Make Smart Goals

To achieve the future targets, you want to increase your revenue and decrease your expenses. Here’s how much each value needs to change over the next year to achieve your goals.

One Year Goal

New Revenue $0 $/year

+
New Savings $0 $/year

=
New Profit $0 $/year

Big changes like these don’t happen all at once. It takes time to improve, streamline the business, and grow into new opportunities. You can make this goal more achievable by breaking it into smaller more manageable challenges.

Profit Projection

Let's take your profit goal, and project it over the next 12-months.

Monthly Goal

Now finding $0/year in new profit has become a much more manageable task of finding $0/month in new profit each month.

New Revenue $0 $/month

+
New Savings $0 $/month

=
New Profit $0 $/month

Weekly Goal

There are 52 weeks in a year. You can spread your $0/year goal over 52 weeks, with a weekly goal of $0/week of new profit.

New Revenue $0 $/week

+
New Savings $0 $/week

=
New Profit $0 $/week

Daily Goal

There are 260 workdays in a year. You can spread your $0/year goal over 260 days, with a daily goal of $0/day of new profit.

New Revenue $0 $/day

+
New Savings $0 $/day

=
New Profit $0 $/day

As the time frame for each goal gets smaller, so does the amount of change needed to achieve it. Goals get easier on a weekly or daily timeframe.

Your Daily Challenge

You can increase your profit to $0/year in one year, by generating $0 of new revenue each workday, and reducing $0 of expenses each workday.

New Revenue $0 $/day

+
New Savings $0 $/day

=
Future Profit $0 $/year

Dramatic changes happen over time, one improvement after the next. If you really want to make an impact on next year, you need to start today, with the guidance to set reasonable goals, tools to measure your progress, and experienced coach by your side to help you plan a flourishing future.

Ready for action?

We can help you find the next step no matter where you are on your journey. You're not alone, lots of business owners have found ways to overcome their challenges and achieve financial freedom.

Contact us

Business Coaching

A great business coach can help you understand the full picture, fine tune the details, and help keep you focused on results. There is always a solution to a problem, sometimes it takes fresh perspective to see opportunities. We can help you through your current struggles, and plan for profitable growth.

Financial Analystics

We have over 10-years of experience helping business owners understand their finances. No matter what industry your business is in, we can help you see your weaknesses, and offer tested solutions to overcome them. Clear financial analytics can give you the confidence to strategically reshape your business for growth rather than just survival.

Compassion

Launching a business takes a vision to see opportunities and courage to act. As the market changes and business challenges appear, you don’t have to face them alone. We’ve seen every situation before. Let us help you see the full picture with clarity rather than anxiety.

Schedule a consult

We're here to help, no matter where you are on your journey. Schedule a free 30-minute consult, share your goals, and see if we can help.

Default