Final Over - Day 3 - Profitability

 1)When a business is not working in excel sheets, it won't  work in live marketplace.

 2)The reality is always thrice wide, deep, and strong in demands of effort, investments and surprises.

3)Audacious / Average / Bare minimum - self case study are the three dimensions to evaluate the business and self together.

4)The sales Forecast sheet will help to relate to any kind of business model. 

5)Flinto box - is good example to keep customers connect emotional with the product and keep their buying consistent.

6)If an entrepreneur have already related and verified every other term of the business, he can swim and succeed the marketplace safe.

7)First Order CPA / Selling price after discount / First order Profit /  Repeat order CPA /  Repeat order Ratio ( Total number of customers involved in Repeated buy vs Total number of customers )  / Repeat order Profit.

8)Month / Number of unit sold / First order revenue / First order profit / Monthly Ad spend ( First order CPA * number of Units sold ) 

9)Mindset & Marketing are the two M’s to establish good in the market. 

10)Micro understanding of all possible expenses involved will help in arriving the Exact profit on board and relatively easy forecast of success.

11)The numbers should be much closer to the best approximation what will happen or happening to have our business model in best shape.

12)Offers and packaging combo makes a huge differentiation in improving Repeat customer ratio. 

13)It is always good to work with industry costs involved and reverse work the numbers to have a clear idea.

14)An entrepreneur can achieve his desired business growth as much he his ready to invest and improve himself first. A business stands strong and safe only on the entreprenuers Attitude and knowledge. 

15)Eagle view and Ground reality view are two most important aspects that an entrepreneur should have to achieve best stability.