Balancing Products for Sustainability

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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

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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.

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

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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.

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Fran Piggott
Instructor

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