Are you tired of guessing your way through budgets and projections? In this episode, Ilene Marcus reveals how to use innovation accounting and pro forma modeling to make confident business decisions, understand true costs, and attract investors. #InnovationAccounting #EntrepreneurFinance #ProFormaPower
Key Moments:
0:03 – Introduction to innovation accounting and its power for entrepreneurs
1:02 – What is a pro forma and how it models real-time decisions
4:05 – Why a flexible pro forma beats a static budget
5:35 – Chicken soup metaphor: Understanding all-in budgeting
7:07 – Calculating your time, units of service, and leveraging passive income
10:31 – Factoring in overhead like insurance and rent into unit costs
13:04 – Where to research real product costs and market data
16:20 – Pricing honestly: The balance of value and market reality
18:58 – Target audience clarity and price point decisions
24:16 – Using data patterns to improve customer focus and profitability
25:01 – Offer: Free pro forma spreadsheet + book: Managing Annoying People
Resources: https://affordablebookkeepingandpayroll.com/resource-opt-in
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