Estimated reading time: 2 minutes
If I asked you if you knew how much money you make from your business every month, will you be able to tell me immediately without having to first think about the answer?
What if I asked you how much money you want to earn from your business this year on a monthly basis? Would you still be able to give me a figure without doing maths in your head?
We all know that money is the lifeblood of any business. For your business to successfully grow and bring in profit, month in, month out, you must have positive cash flow.
Yet, I see many business owners living from paycheck to paycheck every single month. Everything you earn from your business (both capital and gain), goes into your personal expenses. You don’t even know how much your business did in overall revenue and in profit last month, last quarter and even last year.
If you don’t plan a consistent income for your business, you will soon be out of business. I understand that you got into business because of passion, or to have a side hustle or because you couldn’t get a good job or one other reason or the other.
Whether you sell physical products, digital products, services, online classes, courses, eBooks, Workbooks, Coaching, Consulting, or you’re a Network Marketer, you must plan your income for the month ahead of time, so that business becomes easy and sweet for you.
When you know how much you’ll be making in the new month, and exactly how that money is going to be made, you have successfully conquered one of the greatest hurdles of doing business.
I am able to build consistency in my income, and consistently increase my income every 3 months, you can do the same as well, even if you’re just starting out or you have just one product.
