The Secret to a Profitable Pet Business You Love
Did you know there is a secret to a profitable pet business? How do you want your business to look one year from today? What would be your ideal work schedule and paycheck? Does your vision seem like an impossible dream?
We’d say that the secret to making the vision for your business a reality is to invest time in strategic planning. Setting these goals is the first step to making them a reality. Next is taking time to outline the action steps required to achieve your goals. In your action steps you will want to consider…
- How much incremental revenue is required?
- What service streams have capacity to grow?
- How many dogs served does the growth equate to?
- What impact would reducing discounts or raising rates have?
- Do you have a new revenue stream you’d like to add to your business?
You’ll want to include data as part of your plan so you can assess progress each month. You may need to make adjustments along the way so it is important to also plan on having a financial review meeting each month. Putting this standing meeting on your calendar now is a great way to help ensure your vision stays in focus during the year.
At The Dog Gurus we’ve seen tremendous growth in our business from this strategic planning process. Be sure to watch our video for more ideas on how to get started with annual planning for your business. The secret to business success is setting your own final destination versus floating downstream and being surprised at where you end up.
