Setting and Revising Your Financial Goals

179: Setting and Revising Your Financial Goals with Michele Williams Each year we go through a process of setting our financial goals for the following year, or at least we should. And I don’t use the “should” word without consideration. Many of us hate to be told what to do, so my hope is that in this podcast you understand the why behind it and you decide for yourself that you ‘should’ create financial goals. Topics Mentioned:  Metrics Financial goals Top-down Bottom-up Key Thoughts: Taking the time to really understand my financials was a life and business saver for me – and it can be for you. Michele (2:27)   Top-down financials allows you to begin with the total sales or revenue you want to bring in. When we use this method, often we are comparing it to the prior year and choosing either a number or a percentage increase. Michele (3:03)   Bottom up starts with defining out the net profit and how it will be used. Many start by creating their salary first, then taxes and company profit, bonuses, etc. and adding all that up. Michele (4:56)   Creating this high-level financial set of goals will allow you to do other financial tasks to truly take control of your numbers. Michele (7:45)   Contact Michele: Email: [email protected] Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL Website: ScarletThreadConsulting.com LinkedIn: Michele Williams   References and Resources: AIM Masterclass - Watch now A Well-Designed Business by Luann Niagara & Friends Backwards Financials For the Win Ep 11 with Tracie Taylor Understanding Your Financials™ Course