The Big 5 Business Growth Free Calculator
How to grow your business?
Strategy State’s Big 5 Business Growth Calculator helps you identify where profits can be increased within your business.
Below is a short instructional video on how the calculator works.
How to use the Business Growth Calculator?
This amazing business growth calculator works by analyzing your key five areas; which are: Leads, Conversion Rate, Average Dollar Spend, Number of transactions, and Margin.
Simply input your current figures into the fields.
Then add the percentage (%) that you plan or predict to increase that area by.
From there, let the calculator do the rest.
As you can see from the image below if we’re using the “Leads” that are coming into the business as an example. It shows that the company currently has 657 leads. Note: Every business is different; you should use the figures that are right for you.
For this example. This business has 657 leads for the year. That’s about 13 leads per week on a 50-week working year.
This business is planning on increasing its leads by implementing the following initiatives:
- Free consultation offers
- Email marketing
They have predicted that this will increase their leads by 24%. As you can see from the image above. This will result in an increase of leads from 657 to 815 for the year.
When using the Big Five Business Growth Calculator, fill in all the fields that are outlined in red (see below).
Once you have entered all your figures into the growth calculator, it will automatically show you what your profit will be.
In the image below, you can see that the calculator will automatically show you what your increase in profit will be, both numerically and in percentage terms.
The magical thing about this calculator is that you can play around with the figures and see where your growth potential lies. From here, you can simply work backwards and focus on initiatives that will help increase each of the five profit areas.
For more information on how you can increase your Leads and Conversions, check out our resources here:
This free business tool works great when developing a business after it has been fully evaluated using Strategy State’s Business Evaluation Tool.
Click below to download your free business tool: