do this so you don't bankrupt your business

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In today’s newsletter we will go over the following:

• How KPIs will bankrupt your business

• Making data-backed decisions always win

• How you can make more money with your agency

And a whole lot more

B2B Operational Idea of the Week

Start implementing a post-mortem in your business, similar to how they perform a post-mortem on a body, to analyze what happened and what they can do to not prevent this happen

Analyze this in your business, every single month analyze your monthly goals and ask yourself the question “What would I need to do to ensure I don’t hit this goal”, then do the opposite

Here Are Some Top Links for this Week

• How to grow your agency past $100k/m

• Concept when working on operational tasks

• Make an extra $100,000 without working any more hours

I’ve personally seen countless businesses end up going bankrupt, both local businesses and online ones

And they all go bankrupt for the same reason, deciding without being informed off their numbers

Every business that knows their numbers rarely ever goes bankrupt

Because they can make the proper data-backed decisions that won’t ruin their business

It’s the business owner who hires a new team member when have no money, or low profit margins

It’s the business owner that doubles their adspend in hopes of doubling their revenue, even though his landing page isn’t converting

It’s the business owner who will take a month's vacation when the business is the worst it has ever been

I use the analogy of throwing darts, these business owners mentioned above, like to throw darts with a blindfold

They will just hope that things work, but that rarely does

It’s the business owner who sees the dart board that gets the bullseye

And in the business world that could mean an extra $100K or $1M or even $1B

Depending on the leverage you have

At the end of the day, the dartboard is your business, you throwing the darts is your decision, and your vision is the clarity you have in your business

You need to actually know your numbers

You need to know what your profit margins are

What your revenue month over month is

What is your client satisfaction is

What is your close rate is

What are your acquisition stats are

And so on

Only then can you make informed decisions that yield high multiples

This is what I’ve analyzed being the main driver between any business that does $100K-$1M/month and the business struggling to do $10-30K/month

If you want to get to these numbers, you must first be the business that can achieve this

Then the results will naturally come to you

Poll

How I Can Help

1. You can apply to work with my Agency. Bevacqua

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