What does slowing down REALLY look like?
Here are a few of the ways that my clients + program members have been slowing down in their businesses:
Recipe costing (with actual ingredient costs) BEFORE launching a new product.
Calculating how various discount percentages (15% vs. 25%) for a “bounce back” offer will impact the bottom-line, THEN choosing the option that is a win for both customers AND the business.
Considering all ingredient sourcing and packaging options for a new (big!) foodservice account to hit the client’s needed price point AND to be profitable.
Identifying packaging + shipping costs to understand the financial impact of offering free or discounted shipping, THEN implementing the offer that meets customer expectations and maintains profit margins.
All of these examples are situations where the business owner slowed down to look at their numbers and make an informed decision, rather than rushing to get that next sale.
I know what it’s like to launch an incredible online campaign that generates $20,000 in monthly revenue, only to experience $25,000 in monthly losses because of unforeseen shipping + increased labor expenses...
I want you to have BIG sales.
But I REALLY want you to have big profits.
Slowing down makes all the difference.
P.S. Need some support in slowing down, or a little guidance on how to make sense of the information you need to consider for your next important decision?
Join us in the Financial Success Formula Program for daily support + Monthly Coaching Calls. Click here to learn more.
About the Author: Sarah Delevan is a Food Business Financial Consultant + Freelance CFO with over 7 years 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.