financial increase in your business

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Financial Increase In Y our Business Kingdom Business Association David Forney

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Financial Increase In Your Business

Kingdom Business Association David Forney

Basic Principles• Increase always follows order • God, Family and then business • Keep things simple as possible • Structure your priorities • Understand there is a spiritual part &

natural part

Success in Any Business• Seek God’s Direction • Create a plan • Get Mentor or get new knowledge you

currently don’t have • Daily and consistent action of the plan • Review Weekly, Monthly, Quarterly &

Yearly

Assessment of Business• What do I need to stop doing? • What do I need to continue doing? • What do I need to start doing?

Two Ways to Have Increase• Increase Revenue • Decrease Expenses • So what do you need to do in your

business to increase revenue or decrease expenses

• What are the how to’s you need to do increase revenue or decrease expenses

Two Pillars of Financial • Positioning/Prepare for Increase • Creating Increase

Positioning for Increase• Have a plan for how you make money • Revenue Model • Profit Goals • Pricing with purpose

Positioning for IncreaseHave a plan for what to spend & when to

spend money in your business

• Must be strategic and on purpose • Always know where you are in your budget • Use Breakeven analysis to determine ROI • Prioritize to see what needs to be done first • Don’t spend using emotion

Positioning for Increase

Have a plan for what to spend & when to

spend money in your business

• Invest in systems, hiring, technology, spend money where you will receive ROI

• Example – Marketing

Positioning for Increase

Have a plan to manage money

• Good steward over what you have • Be faithful by managing the numbers (do not be

afraid to look at your numbers) • Have systems to monitor and track

Creating Increase Save Money

• Save for repairs • Save for reinvestment • Save for Growth • Save for giving in the Kingdom • Save for the unexpected • Save for education – seminars, etc

Creating Increase How we grow our money

• Are we leveraging our money? • Is your money working for you? • What vehicles are you using to grow your money?

Creating IncreaseGiving/Tithes/First Fruits

• Sow up/sow in good ground • Ask God the who, what, when

Creating Increase• What principles can you apply in your business to

have increase • How will you prepare for increase in your

business? • What are some other things that can cause or help

you to have increase in your business? • What are some practical things you can do on a

daily basis to have increase?

Final Thoughts• Sow Seed • Work Diligently • Expect & thank God for the Harvest • Have a Plan for it