Publishing the Lifestyle Business Weekly email has been so much fun over the past two months. Understanding where you are today, what tools you have to work with, what your goals are, and how you can best achieve them and measure your success, will help you stay on target and not waste what few hours you may be investing in your business at start-up.
Many new family daycare owners charge the same weekly rate for each child, regardless of the child’s age. One of the best ways to make a weekly status report effective is to provide information on these things immediately. Keep up with the company forum entries every day; read something in the training reports every day.
Hard money lenders are often wealthy business people (either investors themselves, or professionals such as doctors and lawyers who are looking for a good return on their saved cash). A weekly report offers a number of benefits not only for the employee, but for the organization, as a whole, as it helps address expectations in the workplace and provides a comprehensive record of all efforts and contributions.
The equipment is relatively cheap to get started and you can even line up your first customers before you even have the equipment since it is not time sensitive like lawn cutting is. You can line up customers first, get your equipment and get your money back right away.
Using the previous example, if your total weekly sales revenue is $10,000 and your cost of goods sold is $3,375, your company’s total weekly gross profit is $6,625, or 10,000 minus 3,375. These would be in addition to your regular monthly financials but consider KPIs more of a daily or weekly measurement.