It was really not a part of your masterplan when you decided to open your agency - to be spending hours every month mulling over financial spreadsheets, wondering if at the end of the year you are going to turn a profit. Yet here you are in meetings with your bookkeeper and accountant trying to figure out where the money that comes in, goes to.
As part of our Discovery Project when we work with our clients, the financial part of running an agency is the one area that can cause the most amount of pain. With our recommendations it can be the quickest to turn around when you know the right steps to take.
Step One - Why, How & What you should measure.
Here we give you a list of the areas you need to have full visibility on, from utilization to cash position, sales and time tracking.
Step Two - Overall Agency Profitability exercise & Sales Forecasting.
Measuring profitability in a professional services business is different from any other businesses and we outline the best way for you to get your true profit percentage in your agency.
Step Three - Profitability by Client exercise & resource planning.
As you know, even though you might have packages to sell to clients when it comes to delivering your services some work can be more profitable than others. We show you how to find out who your most profitable client is and your least.
Step Four - Complete Profit & Loss Spreadsheet template & Guidelines for your Accountant.
Your accountant is maybe the best in your local area, however do they have experience in working with professional services businesses? We show you how to report on the right numbers and tips on working with your accountant.
Step Five - Setting your Databox Dashboard (templates included).
You can’t measure what you can’t manage. Having simple dashboards so that every day, week, and month you know where your business is at, is a much better place to be than spending every quarter in the dark.
So if any of this interests you download our Digital Agency Financial Blueprint and get a hold of your profitability straight away.
