The Upside Down Budget
Play • 25 min

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.
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