In this episode of Girls Make Bank, Jac dives deep into the critical financial foundations every new entrepreneur needs to master. Moving beyond arbitrary revenue goals, she explores the concept of your "enough number" - the baseline income required to fuel your life and business sustainably.
Through real client examples, Jac unpacks how overlooking key financial metrics like taxes, margins, and profit can lead to working harder while taking home less than expected. She breaks down essential business metrics and provides actionable frameworks for financial success.
Topics Discussed in the Episode:
* Calculating your true "enough number" beyond basic expenses
* Setting aside the right amount for taxes
* Understanding and optimizing profit margins
* Key components of profit and loss statements
* Avoiding common financial pitfalls for new consultants
Whether you're transitioning from corporate or starting your entrepreneurial journey, this episode provides the financial roadmap needed to build a truly profitable business from day one.
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