Setting Up Your Soap and Bodycare Business for Success E-Course will empower you to take control of your business by looking at your product cost, pricing and creating a top-down budget for your business.
Do you even have a budget for your business? Using a top-down approach to creating a budget helps you set business and income goals. When done with this course you will have an income goal and a plan & budget for how to make it happen!
This course is for business owners and budding business owners who need a plan of action to take their business to the next level.
The course is presented as a series of videos. You can access the course (using internet) at any time by logging into your account and going to your course page. You can watch the videos at your own pace. Your access to the videos is evergreen, meaning you will have access for as long as we are still in business.
Module 1: Gross Revenue, Profit Margins and Expenses (10 min, 48 sec)
- We’ll review what gross revenue (gross income) is.
- We’ll discuss what a profit margin is.
- We’ll discuss common expenses that a soap and bodycare business will have.
Module 2: Planning Your Fiscal Year Sales (19 min, 29 sec)
- Evaluate your product line. Are you offering too much stuff?
- Determine what products you will offer.
- Discuss software to track your materials cost.
- Finding raw materials cost of your products. (We’ll walk through an example.)
- Determining recipe cost and per item cost.
- Make a list of what you will sell.
Module 3: Pricing Your Products (22 min, 20 sec)
- Evaluate your branding (logo, packaging, website).
- Discuss various pricing scenarios.
- We’ll look at examples of well-branded companies.
- Branding/Re-branding quiz.
Module 4: Gross Revue Goals and Your Budget (21 min, 48 sec)
- Making a realistic revenue goal for your upcoming fiscal year.
- Use the top down approach to create a budget based on your expenses.
- Breaking down your numbers.
Module 5: Making Sales Projections to Create Income Goals (12 min, 31 sec)
- Create realistic percentages of revenue, per month.
- Determine how much you will spend on materials & packaging, per product category.
Module 6: Putting It All Together (20 min, 8 sec)
- Compile all data from Modules 1 – 5 into a comprehensive fiscal budget.