Obtaining the key to unlock the door to making money in your business lies in recognizing what to act on when to achieve your planned results. Follow the B-CPR system through each of the following steps given in order of importance to improve your business cash flow from higher profits.
Step 1—Increase the velocity of your operating cash flow today to fund your way into next week.
Step 2—Build your twenty-four-month profit plan to set your direction and guide your decisions.
Step 3—Confirm the quality of your profits to identify what you need to start, change, or stop, in your business.
Step 4—Stop the losses that keep your business at risk by quantifying your losses so you can quickly prioritize which issues to fix first.
Step 5—Be accountable for your results by taking action on the critical few things that matter.
Business CPR is the surest way to realize your sales, profit, and wealth creation goals. It is particularly helpful to those who can’t identify the actions they need to start, change, or stop to produce superior profits and protect cash flow.
If you don’t like feeling out of control—or worse, you’re running out of cash—then take action through the following five-step management system to avoid going out of business.
The goal of B-CPR is to position your management structure like a solid roof over your business. A business that has as its foundation and steady and predictable cash flow through it. This is the only way to ensure that your business does what you want it to do. Below is a high-level overview that pulls B-CPR together by step offering a simplified breakdown of its most foundational components:
How you gain control over your business in five “must-do steps…
|Step 1||Step 2||Step 3||Step 4||Step 5|
|Cash = C||Profit = P||Reporting = R||Control = Income||Actions = Results|
|Manage Your Weekly
|Build Your Twenty-Four-Month Profit Plan||Confirm the Quality of Your Profits||Stop the Losses that Keeps Your Business at Risk||Be Accountable for Your
What is the output of each step that must be done…
|Project Your Weekly
Monthly Profit Plan Targets
|Use Your Weekly KPIs + Monthly Variance Reports||Stop Your
Business to Get Your Results
Why each step must be done…
|Protect Your Cash Outflows From Ever Exceeding Your Cash Inflows||Know Whether Your Actions Hit or Missed Your
Profit Plan Targets
|Know Where You are Winning and Losing Through YourMeasures of Success||Stop Wasting YourCash That Drains Your Bank Account and Costs You
|Complete Your Critical Few
Actions By Not Getting Distracted by Your Relevant Many To Do’s
When each step must be done throughout the year…
|Every Monday Establish Your Cash Projections For the Next
|Ideally in Month Eleven For Next Year Or This Week If It Doesn’t Exist||Distribute Your Results the Day Before EachManagement Meeting||Quantified and Prioritized Based on Your Most Costly Metric Misses||Your Daily Actions Shaped by Your
Profit Plan Desired Results
Fundamentally, B-CPR is a management system designed to help you run a more profitable business, according to proven principles, brought together in five easy-to-follow steps. As established, the keys to protecting your business from suffering the effects of business cardiac arrest start and end with avoiding failures in cash management, profit generation, and basic management reporting.