When we want to look deeper at our business (or our side business), it can seem overwhelming to think about looking at the numbers, doing projections, figuring out what it is that we want to build, how it will affect our bottom line, what kind of profit we're going to have, how much it's going to cost to do that kind of work, the expenses related to it and how much time it's going to take.

I want to focus on looking deeper into the numbers to show that they're not scary, but they're actually going to give us a lot of clarity and reduce anxiety around making money, around planning things and especially around trying to make the right decisions on what to do next.

This episode is the last of the two part series on the numbers, where we’re talking about what to look for in the numbers so you can make the right plan for what you want in your business and life.

Here’s what I talked about:

• How to look at how to spend your most important resource (it’s your time!)
• Looking at your revenue (I keep it super simple!)
• What action step you can take to start figuring out your finances (it’ll help you know where to put your energy into!)
• Breaking down your expenses (I show you what they can be for an online business!)
• Getting down to your actual profit (I use examples from my past and current business model!)

My goal with this episode is to really laser focus you on what information you should be engaging with, consuming, working on - and we need to look at the numbers to do that.

 

If you enjoyed this podcast, you may enjoy these 3 other podcast episodes about how to plan for your business:

• Ep. 25: The Next 5 Years
• Ep. 26: Getting Started with Charlene Kennedy
• Ep. 30: The $100K Mat Leave