Assembling the “High Profit” Business Model and Strategic Financial Plan

Assembling the “High Profit” Business Model and Strategic Financial Plan

by YourBoard | The Science of Business

 Assembling the “High Profit” Business Model and Strategic Financial Plan

This video will help you assemble the final version of your “High Profit” Business Model and Strategic Financial Plan.

Frequently Asked Questions

Why do we refer to the Business Model as a Strategic Business Model?

We always refer to the Business Model as a Strategic Business Model because it will take a longer period of time to implement the growth and financial performance initiatives.  However, we should always reference the impact of these selections, our corresponding investments and the financial impacts we will experience in the upcoming year, as we build our annual budgets.

What are some important steps in starting your Business Model Development and Financial Plan?

The first step is picking your high profit dollar Product Groups that will be the financial performers you plan to put in your Business Model.  You must also be sure to include options on improving gross margin and profit with pricing, direct cost deduction and SG&A expense evaluations and adjustments.

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