Posts tagged Profitability Framework
It's Not You, It's Your Financial Reports
 
 
 

You know that financial reports can be extremely valuable tools for building + operating a profitable food business.

But, be HONEST…. 

When you review your P+L Report do you think…
...What does it all mean?
...Is this SUPPOSED to be helpful?

...Do I not know how to read my P+L?!


Here’s the truth: It’s not you!  It’s your financial reports. 

Most business owners are working with very BASIC financial reports that don’t serve their needs, aren’t helpful in understanding their business, and worst of all, may actually be misleading!

The good news is that you have a say in what your financial reports look like.

When your reports are designed for YOUR business and are working FOR YOU, you can count on them to show you how your business is performing, set meaningful goals + get to work on building a profitable business! 

Here are 3 Signs that Your P+L Report is in Need of a Revamp:

  1. All of your sales are lumped into one line item ... and you have more than one revenue stream⠀

  2. All of your Cost of Goods Sold are lumped into a single line item called “Cost of Goods Sold”

  3. Your Expenses are listed in Alphabetical Order⠀

Sound familiar?  Want to learn more?  
Watch my video above and don’t forget to subscribe to my YouTube channel to for more valuable information that will get you on the path to a profitable, successful food business.

Remember, financial reports can be extremely valuable tools for building + operating a profitable food business - but only if they're serving up the information you actually need.

 

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.

The #1 Thing You Can Do to Take Control of Your Food Costs TODAY
 
 
 
 

Food Costs play a BIG role in the success and profitability of your food business. 

But time and time again I meet business owners who have…
...cost out their products for the launch of their business and never revisit their calculations again
...never cost out their products 
...not paid attention to what their Food Costs are month-to-month. 

They have no idea what their TRUE food costs are!
And the result is low profit margins, inconsistent financial outcomes, and cash flow trouble. 

Here’s the GOOD NEWS:
Understanding your food costs, setting the right targets, and hitting them consistently isn’t hard, and you can get started TODAY.


In this video I share the #1… only takes a few minutes… BUSINESS CHANGING thing you can do today to Better Understand + Start Controlling Your Food Costs.

It’s the very thing that helped one of my program members identify that her Food Costs were 60% - that means 60% of revenue went directly to making her products, and just 40% was left to cover operating + labor expenses.  It became easy to see why she was experiencing consistent losses.

Another member discovered he had average Food Costs of 93%! He was floored, and truly had no idea!

A third member discovered his food costs ranged from 18-35% during any given month and the large swings were playing a BIG part in his cash flow issues

 
 

Follow the simple 2-step process to gain a better understanding of your food costs, start saving money and improve your profitability!

 
 

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.