Profit Plan Pricing
ExecT Profit Plans
understanding exect Profit plans
An EXECT Profit Plan is the first step towards profitability for most small businesses. The following 7 topics are essential to understanding the inner workings of a Profit Plan.
Purpose
Profit Plans are designed for founders/co-founders that own small businesses making between $0-$10M in annual revenue across the US.
Included is a 45-minute to 3-hour working session that serves as the discovery needed to produce a personalized profit model for small businesses that helps them launch, maintain financial alignment, and scale.
Budgets
A Profit Plan provides businesses with a financial roadmap that includes a daily, weekly, monthly, and yearly operating budget for all expenses, revenue, and regulatory obligations.
SEVEN PILLARS
The seven pillars of a healthy financial management plan include revenue, owners compensation, operating expenses, payroll, marketing, taxes, and profit margins; which are all included in EXECT Profit Plans.
Total ALIGNMENT
The goal of a profit plan is to find alignment between business ownership, operations, and the financials flowing in and out of the business. Financial alignment happens when the seven financial pillars are budgeted and balanced. Alignment allows for all of the needs of the business to be met without sacrifice.
Positive CASH Flow
The seven pillars are designed to flow into a cash management system that eliminates debt and places the company into a cash flow positive position.
Rule of Thumb
The rule of thumb for this cash management system is money can only go into their designated budget accounts and not moved around. When money moves between budget accounts, it breaks the integrity and validity of the cash management system, making it unusable.
OUTLIER
Of all the pillars, the taxes budget must be presented to the client's CPA for confirmation and acceptance before the plan can be considered complete.
FAQ's
Let's walk through the answers
to some commonly asked questions.