Step 1. Business Profitability Analysis
No matter what you do, it needs to be profitable.
Let’s ensure we build a program that makes sense for your business at each stage. We will build a sustainable program that will protect your bottom line as you grow. To know what is profitable for your business and ensure we focus on the right areas, we created a checklist to help us get started before we meet. Download PDF
Profits and Revenue
- Calculate your current profit margins.
- Identify your most profitable products/services.
Current Profit Margins
- List all your current revenue streams.
- Assess the stability and growth potential of each stream.
Revenue Streams
- Break down your fixed and variable costs.
- Identify areas for cost reduction.
Cost Analysis
Commission Affordability Assessment
- Determine the maximum budget for commission payments.
- Assess how commission payments impact your profit margins.
Budget and Commission Payments
- Project your sales growth with commission-based partnerships.
- Calculate the expected return on investment (ROI) for commissions paid.
Sales Forecasting with Commission
- Consider different commission structures (e.g., flat rate, tiered, performance-based).
- Assess which structure aligns best with your business model.
Commission Structure Options
Remember, it's completely normal not to have all the answers or to identify gaps in your current strategy and resources. Lead Prospect is here to support you through these challenges. Our expertise in marketing and business development can help fill these gaps and guide your business towards sustainable growth and profitability. We're excited to partner with you and help unlock your business's full potential!