Coach Capacity
Why is it necessary to not only have bookings but also be able to bill and recognize the revenue over the summer?
Bookings reflect our future revenue growth.
Why is it important to have a solid cash flow?
A positive cash position allows us to align our capacity to serve with the services requested.
Why is maximizing coach utilization important?
Increase profit margin
Solid cash position, an aligned budget and strategy, and buttoned down spending controls are likely to contribute to what outcome in 2025?
Increased revenue
Why should you schedule consecutive travel days at a location?
This maximizes gross profit by reducing the costs of travel to a region or a client.
When does revenue become realized?
When services are delivered and we can bill the clients.
Determines the price of the service
Service and product bookings are the foundation of what financial practice?
Budget
What is the value of contracts signed during an accounting period.
Bookings
How does standardizing services impact revenue?
It scales the services, which minimizes the operating costs to generate and execute those services.
What do you call earnings before Interest, Taxes, Depreciation and Amortization?
EBITDA
What financial measure is more likely to be assessed by investors because of how it represents a company's financial health?
EDITDA
The services are identified early and contribute to valid revenue forecasts and mapping.
Replacements
What is the amount of money the company has billed customers for during the accounting period?
Billings
What is the profit a company makes after deducting costs associated with making its products or services?
Gross Revenue
What percentage would we consider an effective gross profit margin?
65%