Hey Reader, When you first launched your business, did you envision a future where all your hard work and dedication translate into allowing you to fund the lifestyle you've always desired?
That's what so many of us have been sold - that entrepreneurship is the way to financial freedom and luxury lifestyle. But the reality for so many entrepreneurs? They feel like they're working ALL. THE. TIME. only to have barely enough money to pay the bills. And the reason for this is simple: They aren't setting the RIGHT revenue goals for their business. A lot of business owners think they just need to hit a specific revenue goal, such as $100K, because that's about what they made previously. But there is a massive difference between what your business earns and what you actual take home. You've gotta consider all the expenses, fees, team costs, taxes... a lot goes into running a business! Then you've gotta remember that as your own boss, if you want benefits like insurance and retirement, that's on you to figure out for yourself. And if you're planning to GROW that business, well there are costs to growth too. You've also gotta make sure you don't become a victim of lifestyle creep where that increasing take home pay doesn't translate into building financial freedom because money goes out as fast as it comes in. Setting a revenue goal requires more than pulling some number out of thin air. That's why this week on the podcast, I'm talking about what happens to the money once it comes in, and how you can actually reverse-engineer your business so that you can actually take home the SALARY that works for your life.
In this episode, I'm breaking it all down, talking some numbers, and telling you EXACTLY what it means to have a six-figure take home income, not just a six-figure business. To your success! Racheal PS - I talked last week (and this week too!) about how my Get Paid Calculator is the perfect resource to help you break down your numbers in order to actually get you PAID. It's absolutely free to use! |
Ready for practical, profitable strategies to sustainably scale your business - without sacrificing your life, your health, or your sanity? Join Racheal each week on Promote Yourself to CEO for masterclass style podcast episode full of no BS insights to grow your business.