Will Holmes's Personal Meeting Room - Shared screen with speaker view
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Choose your profit goal for the year. Divide by 12 to get monthly profit goal. (Your take home $.)Add up all your expenses for the month. This will give you your monthly expenses total.Add your monthly profit goal to your monthly expenses. This will give you your monthly revenue target. (Your total sales for the month.)Find your average price for your products or services. (Choose a number in the middle.)Divide your monthly revenue target by your average price. This will give you your initial sales goal.Evaluate feasibility. If this is possible with current expenses, great! If not, re-evaluate expenses, scale where needed and adjust monthly revenue target. Then divide by average price to get new sales goal to meet scaled up business needs.
Do we create a break even analysis from this info?
Download a copy of this presentation at https://whcusa.com/wp-content/uploads/2020/10/ Baltimore-Means-Business-Session-Four-Will-Holmes-B2C-B2G-B2B-2020.pdf
When I click the link, it showed: Oops! That page can't be found. It looks like nothing was found at this location.
Works now！Thank you！
Quick question, if you have a big project with gov, can you get loan from a bank as that gov contract as a collateral?
Section 8(a) am I right?
I worked with a minority owned small business in Electrical equipment that was registered with them.
You are right on 8(a) and small businesses!
Got it about RFPs. Thanks Will!
do we need to register as an llc in all states to get federal contracts?
Thank you all!