How to Create a Financially Sustainable and Profitable Food Business
You’ve got big goals for your food business, I know you do!
Whether you want to build a local family business, a national brand, or a rapidly growing biz that you can sell in a few years…
The path to reaching your goals, and doing so WITHOUT burning yourself out, involves achieving financial sustainability and consistent profitability.
What exactly is financial sustainability?
Simply put, it’s consistent cash flow within your business that results in no more worrying about if you’ll have enough money to cover the bills, pay your employees and pay yourself.
why focus on Profitability?
Profits are the amount of money leftover after you pay for your COGS, operations and labor.
You can reinvest them to grow your team, expand your operations, hang on to them so your business has cash on hand during slow months…you can use them however you’d like! The point is that there is money left over for you to put toward reaching your goals.
how do you achieve financial sustainability and profitability in your food business?
The way you achieve these things is NOT by doing more + selling more. It’s by understanding, optimizing and maximizing the financial efficiency of your business.
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About the Author: Sarah Delevan is a Food Business Financial Coach and Consultant with over 7 years of working in the food industry. She received her MBA from Rollins College and In 2017 she founded Sarah Delevan Consulting based in Los Angeles, CA and serving clients across the United States. She is the creator of the Financial Success Formula and the founder of the Profitable Food Business program. To learn more about Sarah and opportunities to grow a more profitable food business Click Here.