2019 Business Planning Mastermind
Only 8 seats available
Need to plan for success for 2019? Attend this half day business retreat and get your financial, business and marketing plans together for 2019.
Thinking about starting a new line of business? Unsure what your revenue for 2018 means for 2019? Want to expand next year but need some new ideas? Thinking about hiring more staff but not sure if you can? Have you been meaning to get that marketing calendar in place all year and still too jammed to give it much thought?
Join me and an intimate group of other small business owners for a round table mastermind. In this 3 hour session, we will:
40 E Montgomery Ave
Ardmore, PA 19003
Tuesday, December 4, 2018 from 9am to noon
To register, send an email with subject line: Mastermind Registration. Payment is due at time of registration.
It's almost the end of 2018! Did you hit your business goals for this year? Where is your revenue? How much will you owe in taxes next year? As we rapidly approach December 31, it's time to take stock of 2018 and use what worked well and what didn't work so well to get ahead for a super successful 2019.
What should you be reviewing at year end?
1) Financials: if you haven't updated your books in months, or have no idea when you last looked at a P&L, you need to get on that, stat. Regularly reviewing your financials should be a daily habit in your business. If it isn't, make sure it's a top priority for 2019.
2) Contracts. If you're a service provider, are you using contracts at all? If you aren't, that's problem number one. You should be using written agreements with clients. If you have a contract, when was the last time you had it reviewed, if ever?
Here are some red flags your contract isn't working for you: not getting paid on time, not getting paid at all, clients not providing you with information timely, doing extra work and not getting paid for it.
3) Employees and Contractors. What kinds of agreements are you using with those that work for you? Do your contractors have proper written agreements in place? Are you using Non Disclosure Agreements (NDAs)? What will prevent an employee from stealing your clients?
4) Intellectual Property (IP). How are you protecting your business name, slogans, logos and work product? Do you have any registered copyrights or trademarks? Do you occasionally search to see if anyone else is using your business name?
5) Make a plan for 2019. Break out 2019 by quarter and write out your goals for revenue, hiring and marketing. This way, your brain can start now trying to formulate ways to reach your 2019 goals.
Need help getting a strategic plan in place for 2019? Want a contract reviewed? Book a year end planning session now and $50 of your fee will be donated to Toys for Tots.
Our business law office has convenient locations in Philadelphia and the main line.
You started with a dream of helping people meet their health and fitness goals and live their best life possible. Now several years down the road after many long days and 7-day work weeks your Health and Fitness Coaching business is really starting to take off. Business is booming, and you are faced with the question of do you try to run additional locations on your own or take on partners. Now might be the perfect time to leap into franchising, but first make sure you can answer these four key questions.
Is Your Brand Clear and Easy to Share?
A franchise requires more than just a great idea. As the owner you should have a clear idea of what your brand is and what you do before seeking to build a franchise. Franchises are all about systems, your Health and Fitness Coaching business must be branded and systemized before considering a franchise.
Can You Replicate What You Do?
You are the vision and backbone behind your successful Health and Fitness Coaching business. Before considering a franchise, you need to make sure that someone else is going to be able to successfully replicate your business model without you being involved in the day-to-day operations.
Do you Work Well With Others?
In order to build the systems that will make your Health and Fitness Coaching franchise a success, you are going to need to reach out to and work with experts in a number of areas. Will you be able to take possible criticism and structure changes to your current model of doing business in order to build a successful franchise plan?
Is Expansion Realistic?
You already put in late hours and long weeks, unfortunately building a franchise will add to this workload in the short term. Eventually franchising might create more freedom for you as the owner, but you need to be realistic and decide if you are ready to work even harder in the short term or if the local success of your Health and Fitness Coaching business is enough for now.
Still have questions about building a franchise or ready to take the next steps? A consultation with a Business Lawyer is a great starting point and we are happy to help!
Sarah E. Holmes is a Philadelphia business attorney and strategist that helps start ups and established businesses looking to expand, protect their assets and increase their profits in an approachable, down-to-earth way. When you're looking for a business lawyer near you, we offer several convenient locations.