The Powerful Profit Plan
Get clear on which levers to pull to unlock the profit potential in your growing product business
A done-with-you service for small business owners wanting clarity on how they can gain more financial freedom while building a business with purpose.
You will come away with:
- Confidence in how to price your products for profit.
- Clarity on the lines & sales channels that are driving your profit, as well as establishing areas for growth.
- An understanding of how to improve profitability across your range & sales channels.
- Knowledge of how to maximise profit, or have more to invest in additional support.
- Your annual sales, expenses & profit forecast.
- Sales projections for future years, insights into what profit levels could be possible & how to reach your income goals!
What’s included?
The Powerful Profit Plan Framework
Step by step video training on how to update the framework
1 x 90 minute 1-2-1 Call (via Google Meets) to go through your completed framework
A recording of our session
PLUS:
1 month of email support (2 weeks while you are updating the framework & a further 2 weeks for questions that come up after our session)
Your Mission, Vision & Values Workbook
Your Brand Positioning Workbook
Investment £695
“The process was clear throughout and extremely useful! Being able to see the financial side of our business so clearly all in one place helped us make more informed decisions about how to grow the business.”
The Powerful Profit Plan FAQs
Q: How much time is required for me to update The Powerful Profit Plan Framework?
A: The amount of time needed to update the framework will vary depending on how easily you can access & input your line level product information, sales data & expenses.
We generally allow 2 weeks to complete the framework, to allow plenty of time, plus opportunity to ask me questions as you go. After this we will meet to go through the results together during a 1-2-1 session.
Q: What types of businesses does The Powerful Profit Plan help?
A: This was designed for product business owners who create their own products to sell either directly to consumers, via wholesale or other channels.
Q: I only sell my products via one sales channel, will The Powerful Product Plan still help?
A: Yes. The framework has been developed to understand performance & forecast for multiple sales channels, but it absolutely works if you just sell via one.
Q: I am not VAT registered, will this help me?
A: Yes, absolutely. It is vital you start planning for the VAT threshold now (if you plan on growing your sales to that point) & this framework will allow you to confidently prepare for that milestone.
Q: Spreadsheets & numbers are not my strong point, I shy away from them, but know this is important. Will I be able to do this?
A: Yes, I designed this service for you! I take you through the process step by step so you know exactly what data to gather, input &, fundamentally, to understand what it all means & how to use this to grow your creative business.
Q: Does The Powerful Profit Plan include a cash flow or stock forecast?
A: No. This service & framework focuses on the fundamentals of margin, sales, expenses & profit of the products you plan to sell. This is the foundation which is then strengthened through managing your stock levels, cash flow, regularly reviewing your sales performance and P&L.
“Lucy has created a fantastic tool for profitability planning and budgeting. It is important to plan from the outset and into the future. Profits can be dramatically affected when sales volume decreases or production costs increase, especially in this volatile economy. Often, we see businesses trading blindly from the outset with no real grasp of product gross margin or if there is enough contribution margin from each sale to cover fixed costs, let alone make a profit.
By focusing on the variables that affect gross margin and detailing the overheads and cost variations that need to be covered, using this tool should enable a business to ensure it can trade profitability and assess the changes required immediately and on an ongoing basis.“
If you have any questions about my services, or would like to have a chat to learn more about how I can support you and your business, I would love for you to book a free discovery call with me.
Or, if you would prefer, drop me an email at lucy@lucyhorden.com