ONLINE Power Friday: Ambler (Diversifying your Business Model)
Friday, May 1, 2020 - 8:30am to 9:30am
The Ambler Power Friday is held on the 1st Friday of the month.
In place of our in-person gatherings each Friday, we will be hosting Power Friday meetings online. Our members and our community of women business owners need support in challenging times, and we hope that by converting these in-person meetings to online meetings, we can continue to provide the networking opportunities, education and support that our community needs while we practice social distancing. Part of NAWBO’s mission is to create innovative and effective change in business culture. We are practicing what we preach in our organization by actively seeking out opportunities to innovate and continue to serve our members, in spite of the ever-changing news around us.
Topic: Diversifying your Business Model
In case you haven't noticed, 'business as usual' is a dead concept right now. We'll dive into diversifying your business model so that you can weather any storm and look to not having a "season." We will also give you some general rules to help keep you on track with revenue allocation so you can better manage your business on a daily basis.
Recurring Revenue:
How much do you need and how to create it. This is like giving your business a side hustle.
Keep your big hitters to a reasonable ratio: Why would you give this advice?
Why you need a higher proportion of a smaller revenue stream.
Revenue Allocation:
Let's be real, not everyone's books are clean. Let us provide you a very general rule of thumb to help you keep a grip you can handle
Speaker: Alle Bechtel
Alle Bechtel, founder and CEO of Calculating Destiny spent over a decade in Corporate America with both domestic and international companies as controller or director of finance. In 2014, she decided to take the knowledge she learned and branch out on her own. Her mission is to even the playing field one small business at a time by providing the structure of Corporate America's in meaningful and scalable ways for smaller companies. Her unique approach gained her recognition with the SEC by her 2nd year of business because she was implementing strategies the organization had been trying to secure grants to teach.
Co-hosts:
Monica Bookbinder and Cassandra Poland
Registration:
Please register online for this meeting by 5 p.m. on Thursday, April 30th to receive Zoom call-in info the evening before the call.
