Mindful Profits helps small business owners set achievable goals and reach them intentionally. We work with entrepreneurs during 4 key phases of building a business.
Some ideas are great; others not so great. Investment firms and banks thoroughly vet a business plan to increase their odds of making a good return on their investment. Since you're the one who is going to invest so much of your time and money into this business idea, don't you want to know the odds of a healthy ROI?
Our clients want to know, "When will my business break even? How many sales do I need to make my business viable? Will this business make enough money to cover my personal expenses and retirement?" “What will it take to meet our goals?” We help them find out.
The US economy depends upon the more than 90% of businesses with zero to 100 employees. A small business doesn't need to have millions of clients or dollars in revenue to be successful. A game changing technology is not required for a business to triumph.
The key markers for success in most of these businesses are: satisfaction from providing a great product or service; enough income to cover all expenses, including salary and benefits for you and your employees; a return on investment; and ultimately, the ability to create an asset to retire on.
Our clients want to know, "How can I earn more from my business? How can I turn my business into an asset? Where should I spend my time and investment to make my business more profitable? What can I do this year to reach my goals?"
Clients work with us to establish achievable business and related goals, such as building an asset, improving earnings, and balancing work and life requirements.
We help create a strategy to achieve those goals. Together, we forecast sales, pricing, income, expenses and profitability. Setting goals, creating a plan to achieve them and tracking results keeps small business owners accountable to reaching their definition of success.
After a company has become profitable, it can suddenly take a turn for the worse. The owner is down in the weeds, working crazy hours, losing track of the strategy and reason why he/she started the business in the first place.
Instead of thinking, "Should I expand into new markets?" the owner wonders, "How do I slow down?"
Small business owners need to review operations thoroughly to make sure they have the right skill sets, are focused on the right performance indicators and have a CEO looking past the day-to-day and out over the horizon!
Maybe it's time to hire a COO; find funding; buy a business; or in some way dramatically change your company to reach new goals.
We help update the vision and determine the financial, operational and strategic impacts of hiring; partnering; getting funded; or finding a new way forward.
In many cases, even the most passionate business owners will eventually want to find the exit. We help them create exit strategies and establish a valuation for their company so they can transition out of their businesses profitability.
Evaluate business ideas
Break even, then earn more from their businesses
Build an asset
Find new profitable growth strategies
Ignite creativity and innovation
Establish profitable business goals
Understand and track their numbers - knowledge is power
Mindfully Manage Their Profitability
Multi-national companies and the U.S. Marine Corps incorporate mindfulness into their day-to-day operations. Results include: greater productivity; reduced stress among employees; lower healthcare costs; and increased profits. Small businesses can achieve these same results.
Mindfulness is intentional and nonjudgmental focus. When we pay attention to something, using our full awareness and without jumping to conclusions, we boost our ability to think more effectively, while at the same time broadening our lens. And we remember to breathe.