It’s never too early to envision how you will exist your business. Building entrepreneurial wealth happens quicker when you understand how a business is valued. Start with a timeline for growing sales and profits to yield the ROI of your dreams. Every new owner should hear about this aspect of start-up business planning.

Hosts:

Dr. Kathy Gosser, YUM! Assistant Professor of Franchise Management and Director of the Yum! Center for Global Franchise Excellence
www.business.louisville.edu/yumcgfe

Barb Nuss, CPA - Founder and President, ProfitSoup
www.profitsoup.com

Start With The End In Mind

Every new business is in a race to profit. They MUST turn profitable before the cash runs out. How do you know you have enough start-up capital to win the race? Beyond the budget for initial equipment, build-out and marketing, you’ll need cash reserves. How much? How do you know? Listen in for winning insights.

Hosts: 

Dr. Kathy Gosser, YUM! Assistant Professor of Franchise Management and Director of the Yum! Center for Global Franchise Excellence
www.business.louisville.edu/yumcgfe

Barb Nuss, CPA - Founder and President, ProfitSoup
www.profitsoup.com

Race To Profit

Beyond sales and profit, the income statement (P&L or Profit and Loss) provides insights into productivity, expense management, pricing, labor costs and more. Are you learning all you could from your P&L? Listen for insights and financial review routines every business owner needs.

Hosts: 

Dr. Kathy Gosser, YUM! Assistant Professor of Franchise Management and Director of the Yum! Center for Global Franchise Excellence
www.business.louisville.edu/yumcgfe

Barb Nuss, CPA - Founder and President, ProfitSoup
www.profitsoup.com

Income Statements

Key Performance Indicators, or KPIs, measure the drivers of business success. Measure the drivers, manage the drivers, and the results will come. Barb Nuss and Kathy discuss metrics that enable owners to manage sales, productivity, marketing, gross profit margin and more.

Hosts: 

Dr. Kathy Gosser, YUM! Assistant Professor of Franchise Management and Director of the Yum! Center for Global Franchise Excellence
www.business.louisville.edu/yumcgfe

Barb Nuss, CPA - Founder and President, ProfitSoup
www.profitsoup.com

Key Performance Indicators (KPI's)

The balance sheet reveals business insights on cash flow, business efficiency, debt management and business risk. These are the things bankers want to know to understand the risk of business failure. What should you look for in your balance sheet? Get the straight-forward answer here.

Hosts:

Dr. Kathy Gosser, YUM! Assistant Professor of Franchise Management and Director of the Yum! Center for Global Franchise Excellence
www.business.louisville.edu/yumcgfe

Barb Nuss, CPA - Founder and President, ProfitSoup
www.profitsoup.com

Balance Sheets

Breakeven analysis sounds scary, but it isn’t. It is simple formula you can use to set profitable sales goals and determine the sales needed to earn a return on your marketing, hiring and expansion investments. Set your sales goals to yield your Breakeven PLUS - because profit is not optional!

Hosts:

Dr. Kathy Gosser, YUM! Assistant Professor of Franchise Management and Director of the Yum! Center for Global Franchise Excellence
www.business.louisville.edu/yumcgfe

Barb Nuss, CPA - Founder and President, ProfitSoup
www.profitsoup.com

Breaking Even

Goal-driven entrepreneurs achieve more and do it quicker. Beyond sales targets, what goals keep you focused on the activities that drive business success, profitability and cash flow? Hear insights on selecting activity goals for sales teams and business managers that every leader needs.

Hosts:

Dr. Kathy Gosser, YUM! Assistant Professor of Franchise Management and Director of the Yum! Center for Global Franchise Excellence
www.business.louisville.edu/yumcgfe

Barb Nuss, CPA - Founder and President, ProfitSoup
www.profitsoup.com

Goal Setting

Setting goals is easy, keeping on track to achieve those goals takes discipline. Hear what Kathy and Barb have to say about review routines that make a difference.

Hosts:

Dr. Kathy Gosser, YUM! Assistant Professor of Franchise Management and Director of the Yum! Center for Global Franchise Excellence
www.business.louisville.edu/yumcgfe

Barb Nuss, CPA - Founder and President, ProfitSoup
www.profitsoup.com

Goals - Keeping On Track

Congratulations! You’ve made a profit. So why don’t you have any cash? Barb Nuss explains the difference between profit and cash, and how the statement of cash flow demonstrates where they cash went.

Hosts:

Dr. Kathy Gosser, YUM! Assistant Professor of Franchise Management and Director of the Yum! Center for Global Franchise Excellence
www.business.louisville.edu/yumcgfe

Barb Nuss, CPA - Founder and President, ProfitSoup
www.profitsoup.com

Statements Of Cashflow

Entrepreneurs who have accurate financial data and a process for using it make better business decisions, giving them a competitive advantage. Barb Nuss shares tips for keeping accurate accounting records, and explores the importance of having reliable, timely data to manage by the numbers.

Hosts:

Dr. Kathy Gosser, YUM! Assistant Professor of Franchise Management and Director of the Yum! Center for Global Franchise Excellence
www.business.louisville.edu/yumcgfe

Barb Nuss, CPA - Founder and President, ProfitSoup
www.profitsoup.com

Tips For Better Books

A podcast that shares important business principles and practices in easy to digest episodes. More information can be found at: https://business.louisville.edu/learnmore/smallbites/

Income Statements

Small Bites of Talking Financials

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