How to set goals in your small business + plan your profits
"Align your finances with your goals and make magic"
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Can we just celebrate for a minute?!
What a huge step (not only for you, but also for ME)! I created this podcast for the busy moms running a business and a household that want or need actionable steps for growing and scaling their business. I am excited that you are here so we can take this business building journey together! Get ready for quick, actionable messages relating to all things business life and real life.
We are diving right into the deep end and talking about annual planning for your small business. You’re gonna want to hear the strategy that I have used to almost double my revenue in the last 12 months!
Get started with your small business goals
Before you jump in head first and put some arbitrary numbers on your budget, I want to challenge you to align your goals with your finances. Tying your long term and short term goals to your financial goals increases your chances of success (and who doesn’t want to succeed in this life)?!
Finances incoming in 3, 2, 1..
With goals in tow, let’s put pen to paper! Determine your target revenue for your business, then pencil in all expenses that go along with your vision and mission for the next year. Remember that this budget is a roadmap and if you don’t like the path your numbers are taking you on, you can choose a different route.
Don't let your hard work slip away!
Commit to tracking your results and holding yourself accountable to your annual plan! Put a meeting with yourself on your calendar to review your finances. Heck, even make it fun and treat yourself to a fancy coffee.
Budgeting is telling your money where to go, not wondering where it went. Your plans may not play out exactly as anticipated, and know that that is okay. The more familiar you become with your business finances, the easier this process will get!
THANK YOU TO BEYOND THE BOOKS: SMALL BUSINESS SUCCESS SPONSORS
Hey, I'm Lexi!
Small town mom, wife, and biz enthusiast! When I’m not nerding out over small business financials or recording my podcast, you can find me in the passenger seat of our Jeep or talking entrepreneurship over a cup of coffee.
My mission? To help service based business owners grow + scale with strategic planning and financial data so they can do what they love every dang day!
Want my free step-by-step process to grow your profit? Start increasing cash in your business TODAY.
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