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Will Holmes's Personal Meeting Room - Shared screen with speaker view
Will Holmes
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.
Mehak Fida
Do we create a break even analysis from this info?
Will Holmes
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
Chun Jia
When I click the link, it showed: Oops! That page can't be found. It looks like nothing was found at this location.
Will Holmes
Chun Jia
Works now!Thank you!
Mehak Fida
Quick question, if you have a big project with gov, can you get loan from a bank as that gov contract as a collateral?
Mehak Fida
Section 8(a) am I right?
Mehak Fida
I worked with a minority owned small business in Electrical equipment that was registered with them.
Rennard Brown
You are right on 8(a) and small businesses!
Chun Jia
Got it about RFPs. Thanks Will!
Mehak Fida
do we need to register as an llc in all states to get federal contracts?
Chun Jia
Thank you all!