1. Knowing your numbers - Part 1
In this lesson Martin tells us the numbers that we need to know and how to use those numbers to grow your business. He reveals the number one fear of business owners and then goes onto explain how you can avoid it. There are some things that can be confusing like the difference between gross and net profit and what they really mean…all is revealed here. You will learn how to calculate your hourly rate as well as how to increase your profit by 95% with three simple steps! All of this and much more is covered in this lesson.
Knowing your numbers is one of the most important aspects of running any cake business. Knowing how much is coming in and your overheads is vital for any successful professional cake decorator and in this short tutorial we cover the difference between gross and net profit and how you can help your business grow!
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