I can’t be the only one who wonders how to work less during the busy holiday season when the beginning of November rolls around.
OK truth be told, I think about that all year round…
Whatever holidays are part of your family’s traditions, chances are you’ll have the kiddos home for school break and your family to-do list gets longer than usual.
If you were planning your perfect holiday season and decided that you were only going to work ONE day a week in your business, how would you spend that time?
If that seems like an impossible fantasy, hear me out.
What if you could do LESS but do it BETTER so that you’re getting maximum results with less effort?
If you suddenly had to narrow down what you do in your day to things that you KNOW have a direct impact on your income, what would go straight to the top of your to-do list… and what would get kicked off?
You’ve probably heard of the Pareto Principle (aka the 80/20 rule) which states 80% of results are produced by 20% of causes.
When I’m working with my students inside Cash Flow CEO, we work on getting laser-focused on that 20%.
Because let’s face it, there are a million ways to make money in your business and that can put you in real “analysis paralysis.” And since you could do any of those things, sometimes you end up doing nothing new in fear of doing the wrong thing. (It’s totally normal — and fixable with the right guidance.)
Setting a revenue goal is all the business money planning you need. (Or is it?)
Drumroll please…. this is a total MYTH!
Although it’s all that most business coaches suggest, the truth is that you need to make a real plan for profit, not just revenue.
If you don’t make enough profit, your revenue goals don’t matter because your business isn’t sustainable.
But what usually happens?
When we just plan for revenue and set a goal for the overall dollar amount we want to bring in and then hope for the best, we leave our livelihood (based on the actual profits we net) to chance.
Most people are encouraged to set a big target revenue goal for the year but then they think the “planning” is done.
Based on how alot of business coaching programs work, I can totally see how the myth of simple revenue planning becomes the norm. No one is talking about the importance of PROFIT or how just working harder to make more revenue might not be the answer to actually paying yourself more. (It can actually be exactly the wrong advice.)
The reality is that a revenue goal is just the very tip of the planning iceberg that successful, intentional, scaling CEO business owners do.
Do the terms C corp, S corp, and LLC have you feeling like you’d rather find something (anything!) else to do?
Maybe you have questions about which one is best for your business, but aren’t sure where to start or even what you need to know to make the best decision. I get it!
USA Today asked me about this same question in a recent article, so even though I don’t often talk about business structures or tax subjects in my emails to you, I know this question comes up often for people so I wanted to share.
Which one you choose can have long term implications for your business, and immediate implications on your bank account, so although it’s not the sexiest topic ever, it’s definitely one that you want to feel confident about as your business grows.
Break down any limiting beliefs that keep you overworking harder than you need to so you truly step in as the CEO of your business.
Create real money management systems so you can pay yourself MORE and lead your business understanding how to make the kind of financial decisions that SCALE.
Strategically project your revenue AND profits and feel a whole new level of security and safety with your money.
Build the right support team for where you are now in your business — and for where you want to be…
This could be one of those decisions that you get to look back on and say, “WOW, I’m so glad I took the few minutes on a Friday night to book a call to apply. I had NO idea what an incredible difference it was going to make to my life and my business.”
You have nothing to lose and EVERYTHING to gain by taking this opportunity to see if it’s for you.
My commitment to helping you succeed is even backed up by an unheard of 100% return on investment promise! When you apply, there is no deposit or commitment needed, and we’ll talk face to face on zoom next week to make sure this is the right fit for YOU.
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