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Tracking Revenue For MORE Profits


The revenue history is a vital piece of your power page and you need to record that information. Keeping track of client revenues should not be done in a paper format, it should be recorded electronically. It is too easy to make mistakes when calculating by hand, the results of the data entry can then be recorded into your power page. You need to date these numbers as they can change quite rapidly and you will want to know if there is a growth pattern. You will also be aware of diminishing returns and flat areas. Familiarize yourself with how they report earnings because each company has their own unique way of presenting the information to the public or its employees. You are probably asking yourself why you would bother tracking financial earnings of a company you are doing business with, or even one that is not yet a client. Believe it or not, financial information gives hints as to the success of the sales force, the marketing efforts, and the leadership of the executives. The financials can paint a picture that says more than what you are being told. If you still do not believe me, read through the next example.

John B. was getting ready to submit a proposal to company Z; he had some solid ideas about their marketing and sales strategies that would lead to further revenue generation. He checked the financials for the last six quarters and saw that they had very limited growth. He thought this strange as the products they sold were in great demand and they were running at capacity. As he started to dig further into the story, he found that they did not want to grow anymore and were just interested in the status quo. The company was in the process of being absorbed by a larger firm and the CEO was ready to retire. If John had not used his power page appropriately, he may have sent a premature proposal that would have been a waste of time for himself and his customer.

Even though this is a sad story for John, he learned his lesson about doing his research on the financials. He now looks at these before writing a proposal for improvement. What we sometimes view as pain is not pain at all but is simply some other issue at work behind the scenes.

Bette Daoust, Ph.D. has been networking with others since leaving high school years ago. Realizing that no one really cared about what she did in life unless she had someone to tell and excite. She decided to find the best ways to get people's attention, be creative in how she presented herself and products, getting people to know who she was, and being visible all the time. Her friends and colleagues have often dubbed her the "Networking Queen". Blueprint for Networking Success: 150 ways to promote yourself is the first in this series. Blueprint for Branding Yourself: Another 150 ways to promote yourself is planned for release in 2005. For more information visit http://www.BlueprintBooks.com


MORE RESOURCES:


NBC13.com

Attempted Repeal Of Small Business Tax Reporting Requirements Fails In House
Wall Street Journal
Business groups, Republicans and a watchdog agency within the IRS have charged that it would burden small business with mounds of extra paperwork. ...
House Republicans nix Democrats effort to repeal 1099 requirementThe Hill (blog)
US Democrats Under Fire Over Health Law Reporting MandateNASDAQ
House Fails To Repeal New 1099 Reporting RequirementsOutside the Beltway
Arizona Daily Star
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Telegraph.co.uk

Republicans Block Bill to Aid Small Business
New York Times (blog)
The vote on the small-business bill followed several emotional exchanges on the floor. “That is the tradition in the United States Senate: majority rules, ...
Republicans continue Senate filibuster of small-business bill, stymie DemocratsWashington Post
GOP blocks small-business lendingBoston Globe
US Republicans block small business plan in SenateReuters
Bloomberg -The Washington Independent -The Hill (blog)
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Los Angeles Times

Desperate for capital, small businesses turn to private lenders
Los Angeles Times
On the table in the Senate is a bill to restore funding to a key Small Business Administration loan-guarantee program and set up a $30-billion fund to ...
Bank of America Announces Program to Help up to $100 Million in Small Business ...LoanSafe
Small Businesses Get Help With $10 Million Pledge From BoASmall Business News from Gaebler.com
BofA Launches $10 Million Small Biz Grant ProgramCredit Union Times

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Small Business Tax Relief Act Fails to Pass in House
WebCPA
The Small Business Tax Relief Act would have provided nearly $20 billion in tax relief to small businesses and closed loopholes that encourage companies to ...
Business tax bill defeated; Perriello respondsLynchburg News and Advance
Pelosi Statement After House Republicans Block Passage of Tax Relief for Small ...PR Newswire (press release)

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Small business course a must for entrepreneurs
al.com (blog)
31 because of the chamber's annual small-business awards banquet. The deadline to register is next Friday, so don't delay. A great thing about the FastTrac ...
Small Business Loan Application for the Flood Victims is Now OpenADI News (blog)
SBA Reminds Small Business Owners In NC Of Loan AvailabilitySmall Business News from Gaebler.com
SBA makes website easier to navigateAppleton Post Crescent
Sun-Sentinel -The Birmingham News - al.com (blog) -Earthtimes (press release)
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SRJC small business center's budget slashed
Santa Rosa Press Democrat
Ozdil received help establishing her company from the Small Business Development Center at Santa Rosa Junior College. By SAM SCOTT Santa Rosa Junior ...
Small Business Center provides free valuable assistanceHuntsville Item
SBDC to host QuickBooks workshopMorehead State University News

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Washington Post

Small Business Jobs Bill Stalls in Senate
New York Times (blog)
Democrats attempting to wrap up work on a small business jobs bill were stymied Thursday morning when they were unable to break a ...
Senate To Hold Second Small Business VoteTalk Radio News Service
Reid looks to add Cobell settlement to small-business billThe Hill (blog)
Huh? Dem Senate candidate won't endorse Reid as majority leaderWashington Post (blog)
MarketWatch -Politico (blog) -Firedoglake (blog)
all 397 news articles »


My Fox Boston

Senate to Vote on Kagan Nomination
Wall Street Journal
Small-Business Bill: Senators are also expected to resume negotiations on a small-business bill, which includes a $30 billion loan fund, tax breaks and ...
The latest bogus attack on Kagan: She's anti-small businessMedia Matters for America
Elena Kagan's War on Small BusinessNational Review Online
The Senate Just Going Through the MotionsTIME (blog)

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