Today is a solo teaching episode where I introduce you to my Upside Down Business Budget.
What is covered in this episode:
- The surprising question that not many business owners know how to answer
- What is the Upside Down Business Budget and why it is so important to your business
- Why every business owner needs to know their sales and turnover targets
- Two business case studies that demonstrate the importance of doing the budget and examples of pitfalls and risks they faced without knowing their sales revenue targets
- The framework in completing the free Upside Down Business Budget worksheet:
- How to work out to work out exactly what you need for the lifestyle you want - time to get detailed!
- Working out your Return on Investment (ROI)
- Operating costs
- Tax considerations
- What to do once you have you have completed the worksheet.