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Ep 47 - Effective Strategies for Setting Revenue Goals: Tips for Small Business Owners
Manage episode 421922008 series 3491740
Indhold leveret af Donna Dube, Donna Dube | Certified Director of Operations, and Business Growth Strategist. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Donna Dube, Donna Dube | Certified Director of Operations, and Business Growth Strategist eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
Welcome back, CEOs! In this episode, we dive into the crucial topic of setting effective revenue goals for your small business. I'll be sharing insights on how to balance personal time and health alongside business responsibilities. Before you begin to calculate your revenue goals, you need to consider your personal cost of living and desired take-home income. Remember that your revenue is probably not anywhere near your take-home pay, but you do get to set your own salary as a business owner, so choose a revenue goal that will give you the salary you need and want. I'll be explaining the Profit First Method inspired by Mike Michalowicz, which allocates revenue towards profit, taxes, expenses, and owners' pay. This is essential for setting a realistic revenue goal. Plus, I'll be sharing a sneak peek at our next episode, where we'll dive into reverse engineering sales goals!
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