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Ep 47 - Effective Strategies for Setting Revenue Goals: Tips for Small Business Owners
Manage episode 421922008 series 3491740
Το περιεχόμενο παρέχεται από το Donna Dube, Donna Dube | Certified Director of Operations, and Business Growth Strategist. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Donna Dube, Donna Dube | Certified Director of Operations, and Business Growth Strategist ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.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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