Ready to move beyond gut feelings and make data-driven decisions for your business? This webinar, led by our CEO Sabrina Parsons and experts Peter Thorson and Justin Hardison, breaks down the what, why, and how of conducting a monthly business review. Whether you're a startup or an established company, you'll learn how to use your financial data to gain critical insights, stay on track, and confidently navigate the path to growth. Watch the full session to learn how to turn your numbers into your most powerful tool.
What You'll Learn
This webinar is packed with practical tips and answers to the most common questions from our business community. Here’s a look at what we cover:
Understanding the Monthly Review
What it is: Learn the fundamentals of a monthly review and why it's a critical process for any business, from pre-revenue startups to established enterprises. Who should do it: Discover who the key stakeholders are in the review process, whether you're a solopreneur, a partnership, or a larger team. When to start: Understand the right time to begin conducting monthly reviews to ensure you're making informed decisions from the get-go.
Defining Your Strategy and Goals
Focus on your mission: Learn why a clear mission and strategy are essential for making the right decisions and avoiding costly distractions. Identify your target market: Get expert advice on how to define, confirm, and focus on your ideal customer to avoid diluting your brand and marketing efforts. Set meaningful goals: Understand how to establish clear, quantifiable goals that will guide your monthly analysis and keep your business on track.
Leveraging Your Financials for Insight
Forecast vs. Actuals: See how comparing your financial forecast to your actual results provides the context you need to understand your performance. Key Performance Indicators (KPIs): Learn which high-level metrics every business owner should track, including revenue, expenses, net profit, and cash flow. Utilize Scenarios: Discover how to use financial scenarios to model best-case and worst-case situations, helping you mitigate risks and prepare for the unexpected. AI-Powered Analysis: Get a first look at the new AI-powered Monthly Review feature in LivePlan, designed to automatically highlight variances, successes, and concerns in your financials.
Building Accountability and Getting Help
The power of transparency: Hear the case for sharing financial insights with your team to foster an ownership mindset and improve decision-making across the company. Working with advisors: Learn how mentors, coaches, and SBDC advisors can provide accountability and an impartial outside perspective to help you stay proactive and avoid crises. Sharing your data: Find out how to easily share your financial reports and dashboards with partners, investors, and advisors to facilitate productive conversations.
