Getting the Instant Assessment Done

Crunching numbers is scary and intimidating.  Worse is if you don’t know where to get those numbers.  On day 2 of getting Profit First Implemented, Annette will go into the nitty-gritty details of the number’s crunching game and will guide you where you can get those numbers from. Getting all those numbers together is an important step in shifting your mindset around your business's finances from how you might be operating currently and how to gain optimal performance in your business.  Here are a few insights you’ll hear in today’s show…What is Instant Assessment and how do you calculate it?What is the ideal period of time where you can look up data?  (...What do you do when you don't have that much data available?)Where do you get the Top Line Revenue data for this exercise?In what ways does Real Revenue have the same number as your Top Line Revenue?   What do you do when you don't have an accounting set up yet? Why is the profit in the Profit Box not the same as the profit that you see at the bottom of your Profit and Loss account? What is the Owner's Comp and where can you easily get those numbers?The Tax Box, what goes in there and what's not included? Why is the Operating Expenses one of the boxes that is hard to complete for this exercise?Resources:- If you're interested in joining this sprint or catch up with the live sessions, join here- If you would like a copy of the template to do your Instant Assessment then here is the link (it's free!)- Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making MachineConnect to Annette Ferguson:- Facebook - Instagram- YouTube- Listen to the Podcast - Financial and Lifestyle Freedom for UK Business Owners