Courses / Plan for Growth

Course Content

Year in Review: Qualitative Analysis
Reflect: What Actually Happened? Customer Feedback
Year in Review: Quantitative Analysis
Do the Math Revenue Cost of Goods Sold Margin
Set Goals For the Coming Year
Increase Quantity Increase Quality
Scaling & Diversifying
How to Scale? Make a Production Plan
Resources & Tools
Processing + Markets Forum
Kelp Seed Sourcing: US Hatchery Directory (2022)
Download file
Ocean Farm Sales Analysis Template
Download file
Lesson 2 Year in Review: Quantitative Analysis

Back to: Plan for Growth

Do the Math

Once you’ve completed your qualitative analysis of the previous year, it’s time to get quantitative. We’ll be looking at three main things.

Quantitative Analysis

  1. Revenue

  2. Cost of Goods Sold

  3. Margin

You’ll want to put these different numbers into a digital spreadsheet so that you can refer back to them in future years, and so that you can perform some calculations. Many folks are intimidated by “doing the math” to determine if their business is making money. Don’t be. This doesn’t have to be complicated; in fact, it shouldn’t be. We’ve created a sample spreadsheet you can use as a template for your own calculations.

GreenWave Resource
Ocean Farming Prior Year Sales Analysis Template
View Resource

GreenWave Tip

If you have any questions, pop over to the Processing & Markets Community topic and ask away