Posts tagged Business Foundation
3 Steps for Building the Foundation for a Profitable Food Business
 
 
 

Building something strong and sustainable requires a solid foundation, right?

What does the foundation of your food business look right now? 
Does it need strengthening?

I’ve learned that in business, it’s NEVER TOO LATE to start building that foundation. 
It’s the work I’m passionate about and I invite you to do!


Here are three things you can do to create, and solidify, the foundation of your business so you can achieve financial sustainability and profitability.

1. Record your financial data.

Yes, ALL OF IT.
Your revenue, your expenses, your costs. Make sure to update this information monthly.


2. Track your key metrics

Your key metrics include your revenue, cogs, operating + labor expenses, and review them as a percentage of your revenue. 

Check out my IGTV video on how this small change causes a big impact!

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3. Find your Financial Success Formula

This formula helps you see the revenue and cost target goals specifically for YOUR business. 
Watch The Conversation Series on Finding Your Financial Success Formula!
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You started with your dream and are working hard to create a successful business.
Your hard work + a strong foundation will lead to profitability and sustainability so that you can continue to do this for years to come! ⠀⠀⠀⠀⠀⠀


find more details + support in building the foundation for a profitable food business in the the free Profitability Roadmap,

 

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.