Balancing Products for Sustainability

[s3mvp id='150']

Lesson Summary:

Having only a few dominant profit generating products makes you vulnerable when the marketplace no longer wants these products. Spread your risks evenly across your products.

What You'll Learn In This Lesson:

  • The percentage of gross profit each product contributes to your entire business.
  • If there are any products 'owning' too many of your sales.
  • How to identify the vulnerability of your business.

Downloads/Resources

[s3mvp id='151']

Video Transcript

OPEN

Formulated Worksheet

It's recommended to keep your download as a 'master' and work with a 'copy' for your exercises.

COOL  TOOL

Homework Assignment

Taking action moves you forward
to achieve the outcome
YOU want.

DOWNLOAD

Let's measure your progress with this Quiz . . .

[DAPLessonComplete course_id=6 ][/DAPLessonComplete]

Frequently Asked Questions

Why do I need to balance my products?

Because it's easier to replace one non profitable product if your products are evenly spread.

How often should I do this exercise?

Every 6 months.

Can I only focus on a few products?

If they're all making you money and are evenly spread, that's fine. But don't rely on too few products.

[DAPCourseProgressBar id=17][/DAPCourseProgressBar]

[DAPCourseOutline id=14][/DAPCourseOutline]

Fran Piggott

Fran Piggott
Instructor

How can I help you?
I look forward to answering
your questions.

Add Your Comments or Ask Questions Below

>