As business owners, setting revenue targets is a common practice. Initially, we aim for a number that covers our expenses, and then we gradually expand it to include some extra income for ourselves. Over time, this number keeps growing as we strive for financial stability, considering our business as our primary source of livelihood.

 

However, it's crucial to stay connected to our "why" and have a clear understanding of what it will truly take to achieve these business goals. To facilitate this journey, I will share my approach of breaking down significant business goals into actionable steps that can be pursued daily, ultimately increasing the likelihood of success.

 

What you’ll hear in this episode:

[0:50] Why setting a revenue target as a goal in your business may not be thorough enough.

[2:30] Stepping through an example to show how ‘drivers’ factor into successfully hitting goals.

[6:45] Breaking down your larger goal into manageable daily goals.

[9:00] Give yourself and scorecard and time to reflect on your actions based on your scorecard.

[11:48] Stop expecting different results after taking the same actions.

 

* Related episodes:

Building a Marketing Plan You'll Actually Stick To with Lauren Tilden

Should I Offer a Money Back Guarantee?

How to Generate Cash Without Increasing Price

 

Tactical Resources:

5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh

Create a Custom Podcast Playlist: https://quiz.tryinteract.com/#/6303d4c525b1e80018d47cfa

Grow Cash Flow for Your Business: https://www.keepwhatyouearn.com/endless-cash

Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide

CFO Power Session: Text POWER to 860-609-6374

See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

 

Additional Resources:

Find everything you need at https://www.keepwhatyouearn.com

Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

Hire us: https://www.fitnancialsolutions.com/accounting

Find me on IG https://www.instagram.com/shannonkweinstein/

Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

 

 

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.