Strategic Planning for Business and Family
The Johnsons, earning $450,000 annually, have $2.1 million in retirement accounts but worry about funding three college educations and maintaining their lifestyle while Mrs. Johnson dedicates time to a burgeoning online retail business. They need to understand the sales volume required to replace her current income if she decides to pursue the business full-time and assess the financial impact on their overall goals.
By using the Revenue & Sales Calculator, the Johnsons determined they need to generate $150,000 in annual revenue from the business (assuming a profit margin of 50%) to replace Mrs. Johnson’s $75,000 portion of the family income. Coupling this with the Agent Labor Arbitrage Calculator, they optimized staffing costs, increasing projected profit by 15% in the first year. The Debt Service Coverage Ratio Calculator allowed them to safely evaluate a small business loan to expand operations.
The advisor used the Revenue & Sales Calculator to project needed sales volume based on varying scenarios and imported the data into the family's financial plan within the Golden Door Asset platform. The other calculator data was integrated to give a comprehensive view.
$35,000 increase in projected annual business profit within the first year by leveraging cost optimization from Agent Labor Arbitrage Calculator.
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