To determine the best monetization strategy, understand your target customer profile and how they prefer to make purchases. Track key metrics like monthly growth rate, churn, sales per square foot, and average transaction size to know if your business is on track. If after 6 months revenue does not cover expenses, or growth stalls after 3 months, it may be time to reconsider or fold the business. Additional help with financial modeling and fundraising is available through an online bootcamp.

1. OFFICE HOURS

2. Best monetization strategy ?
How do I know if I’m on track?
How do I know it’s time to fold?

3. Monetization Strategy
Customer Profile + Customer
Development
How do they like to purchase?
Snapchat or paper
catalogs?
Millennials or baby
boomers?

4. Tracking
SaaS: monthly growth rate + churn
Retail: sales per square foot + SSS
E-commerce: average txn + churn

5. To Fold or Not to Fold
6 months
3 months
2 months
safe
hustle
sell
REVENUE AND
EXPENSE

6. Get One-On-One Help
Check out bootcamp at:
www.financeforentrepreneurs.co/bootcamp
Finance Boot Camp for Entrepreneurs is a 30 day coached
course. Get one-on-one mentoring with your financial
model, investor list, and pitch deck.
Enroll today for $332 and get immediate access to the
material.