Welcome back to Elevate18. This week we’re up to Episode 38 of our series. Last week I introduced you to Steady Eddie and the B Players on your team. If you missed the episode, I’ve included the link for you here.
The topic today is upside down financial models, the inspiration for this came from an experience I had a few days ago.
The standard method of budgeting or forecasting is pretty simple. You make your sales projections, apply your gross margin or GP, allow for your overheads and there you have your projected bottom line.
Sometimes you need to turn the financial model on its head. Start with the end in mind, specifically the bottom line.
Check out this week’s video to find out more. As always, if you have any questions please don’t hesitate to reach out to me.
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