Hey Where are My Margins & Why Don't I Drive a Maserati?
Your sales look great on paper. So why aren't you driving a Maserati and vacationing in Capri?
It's easy to get Drupal work (though getting more competitive every year) but running an Agency is hard. Getting operations and profit under control is a business owner's number one prioirity and headache! We'll explore the HUGE difference between running a cashflow business and a profitable one. With two turnarounds under by belt in the past three years and half a dozen more before that, let me share stories of how I bombed and what worked out well. I'll share strategies for hiring, firing, measuring and implementing tools while containing costs.
GROWING a business is not the same as SCALING a business. A business that SCALES has value (think your golden parachute) a business that only GROWS is worth a multiple of its receivables. If you scale, you get to drive a Maserati!
This is a bigger picture of operations so a broader business view than Train Wrecks I and 2. If you're a company from 1-40 people and trying to figure out where your money is, you'll get some nice takeaways. Bring your thorniest biz issues. Your takeaways:
Getting your CEO role right
Getting the Right People on the Bus in the Right Seats
An Optimal Service Mix
The Right Process
The Right Tools for Data-Driven Ops
Measuring for Margins
Understanding Cashflow vs. Profit
Sales/Estimating/Costing: Selling to the Service
Development: Touched on very lightly. See DrupalCon Amsterdam if you want more on running development profitably.
It's a lot to cover in one session. We'll get into the nitty gritty of how to make money in any business. This will be a fun session and I'm a good presenter, so no yawning here. Let's get your dream car in the works!