Chaos to Control - How TTM Troubles Can Make Life and Business a Nightmare.

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http://bruceframe.com.au Looking at the details of your time, team and money management that makes your business a nightmare rather than a success and offering solutions.

Published in: Business, Economy & Finance
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Chaos to Control - How TTM Troubles Can Make Life and Business a Nightmare.

  1. 1. bniMASTERY Chaos to Control
  2. 2. Your Coach – Bruce Frame
  3. 3. Making Your Business Work for You, Instead of You Working for IT!! Time Taking control of your resources! Team Money
  4. 4. Life’s Greatest Asset ...
  5. 5. Time Target ...
  6. 6. Who are you attracting?
  7. 7. Remember ... Life is just like a mirror ...  As are people ...  Bank accounts...  Businesses ...  Salaries ...  Relationships ...  Cars, clothes ...  And, so is YOUR TEAM!
  8. 8. Who are you attracting? Since you get the team you deserve – why do you deserve your team?
  9. 9. How to keep score?
  10. 10. Income one $3,600 Income two $1,500 Total income $5,100 Repayments $2,900 Remainder $2,200 Additional 10% $290 Living allowance $1,910 29 100 26 15 20 18 15 Ratio $600$17,000Car 1 $1,000$100,000House $146,000 $9,000 $8,000 $6,000 $4,500 $1,500 Loan $2,900 $350 $300 $300 $250 $100 Payment Total Car 2 P/Loan Visa MasterCard Store Card Get Control of Debt…
  11. 11. Get Control of Debt… Loan Payment Ratio House $100,000 $1,000 100 Car 1 $17,000 $600 29 Car 2 $9,000 $350 26 P/Loan $8,000 $300 15 Visa $6,000 $300 20 MasterCard $4,500 $250 18 Store Card $1,500 $100 15 Total $146,000 $2,900 1,000+600+300+350+300+250+100+290 600+300+350+300+250+100+290 300+350+300+250+100+290 350+300+250+100+290 300+250+100+290 250+100+290 100+290 Payment + 10% + Paid out loan 3190 2190 1590 1290 940 640 $390 Tot 8.0 Mths 31 Mths 5.0 Mths 7.0 Mths 6.4 Mths 7.0 Mths 4.0 Mths Time $600$17,000Car 1 $1,000$100,000House $146,000 $8,000 $9,000 $6,000 $4,500 $1,500 Loan $2,900 $300 $350 $300 $250 $100 Payment Total P/Loan Car 2 Visa MasterCard Store Card
  12. 12. Get control with a computerized financial management system...
  13. 13. ($1,000,000) ($500,000) $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Revenue Fixed Costs Total Expenses Net Profit Variable Costs Break-even or Else…
  14. 14. Managing your cash flow... Income/Rev/Sales - COGS/COS/Variable = Gross Profit - Exp/OH/Fixed - Owner Salary = Net Profit + Equity In/Out = Cash Position 100,000 - 75,000 = 25,000 - 15,000 - 5,000 = 5,000 + 0 = 5,000 75,000 - 56,250 = 18,750 - 15,000 - 5,000 = (1,250) + 0 = 3,750 50,000 - 37,500 = 12,500 - 20,000 - 5,000 = (12,500) + 0 = -8,750 75,000 - 56,250 = 18,750 - 15,000 - 5,000 = (1,250) + 10,000 = 0 100,000 - 75,000 = 25,000 - 15,000 - 5,000 = 5,000 + 0 = 5,000 100,000 - 75,000 = 25,000 - 15,000 - 5,000 = 5,000 + 0 = 10,000 Jan 04 Feb 04 Mar 04 Apr 04 May 04 Jun 04 Do you have control?
  15. 15. So you can either … Stop dreaming and get back to work ! (and be happy with what you´ve got)
  16. 16. Get Yourself a Business Coach AND Start Building the Lifestyle You Deserve… OR…

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