Corporate Profits: Profits Before Tax, Profits Tax Liability
Mindset for Success & Root Cause of Funding Problems in Non Profits
Transcript of Mindset for Success & Root Cause of Funding Problems in Non Profits
MAGNIFYING IMPACT
powered by
through Strategic Organizational Leadership
Session 1Mindset for Success &
Finding the Root Cause of Your Funding Problems
if your organization closed…
what would be missing in the world?
who would miss you?
how many lives would be worse off?
what would you like it to be?
what would be missing in the world?
who would miss you?
how many lives would be worse off?
WHY?
WHAT’S IN IT FOR YOU?
“Be who God meant you to be and you will set the world on fire.” - St Catherine of Siena
WHAT YOU CAN
CONTROL
ownership responsibility accountability
blame excuses denial
the only FAILURE is the FAILURE to participate
cross out your
“I KNOW”
N I C E
othing nside me ares nough
YOU MUST BE WILLING TO HAVE
FUN
WHAT’S YOUR BIGGER DREAM?
the science of
SUCCESS1. A Precise Goal2. Desire3. Knowledge4. Action
Matthew Michalewicz “Life in Half A Second”
set a
PRECISE GOAL1. Specific & Measureable2. Write it down3. Share it with others
feel the
DESIRE1. Why must you achieve it?2. What would be missing in your life if
you don’t?3. How does it amplify your identity and
purpose?
get the
KNOWLEDGE1. What don’t I know? Who can tell me?2. What knowledge do I need?3. Where can I get that knowledge?4. How best do I learn?5. So what’s my learning plan?
take the
ACTION1. Break down BIG goals into steps2. 90 day plans3. Accountability coach4. Celebrate small wins
MONEY =
IDEA X
CONFIDENCE X
ACTION
2 SIDES OF BUSINESS
marketing delivery
BREAK-EVEN POINT (how much do you have to earn just to cover your costs?)
BEP= fixed costs margin%
PROFIT BREAK-EVEN POINT (how much do you have to earn to reach your profit goals?)
PROFIT BEP= (fixed costs + profit goal)
margin%
you have
2 CHOICES1.Reduce cost2.Make more money
do you know the root cause?Leads 10 100
Clients 10 10
Revenue $1000 $1000
Group A B
5 WAYS TO BOOST PROFITS (yes, non-profits need profits too)
5 Ways to Boost Profits Leads
xConversion Rate
=Clients
xNo. of Transaction
xAverage Sale
=Revenue
xMargin %
=Profit
4000x
25%=
1000x2x
$100=
$200,000x
25%=
$50,000
4400x
27.5%=
1210x
2.2x
$110=
$292,820x
27.5%=
$80,525
Leadsx
Conversion Rate=
Clientsx
No. of Transactionx
Average Sale=
Revenuex
Margin %=
Profit
NOW GOAL
“When given authority, TAKE CHARGE.” - Unknown
Magnify Your Impact…
I’ve always wanted to help more non-profits through the business frameworks I use as a Business Coach in ActionCOACH. I’ve seen it work for the businesses and non-profits we’ve coached in the past. So I decided to create IMPACT, a social business to help non-profit organizations flourish & help more people.
If you need help growing your non-profit and your leaders are ready to be equipped and developed, then please contact me and let’s see how we can magnify your impact together.
Cynthia Wihardja, Founder of IMPACT website: cynthiawihardja.com email me: [email protected]