140: How to Easily Manage the Money Goals In Your Design Firm with Michele Williams

I am so excited to speak with you today regarding managing the money goals in your business. On our last podcast together, episode 138, we discussed the 5 main money goals that needed to be established in your firm. Now we are going to talk about how and when to manage to them. This time grab your pen, paper and a calendar and let’s get to it.

Topics Mentioned: 

• Profit and Loss 

• Calendaring 

• Measurements 

• SMART goals 

Key Thoughts:

• We must make the management of our goals as simple as possible if we want to stay on top of them. Michele (02:03) 

• This is what it means to manage. We must look at the area we are measuring. Michele (04:41) 

• Another principle of good management is creating a time to do it. Michele (06:23) 

• Every goal I set needs to be managed which means checking the outcome against the metric and timeline to achieve it. Michele (08:47) 

• Gross profit is a number that will show you what the company is really worth. Michele (11:11)    

 

Contact Michele:

• Email: [email protected]

• Facebook: Scarlet Thread Consulting

• Instagram: @ScarletThreadATL

 

References and Resources:

• The Designers' Inner Circle - Become a Member Today

• How to Easily Set Reachable Money Goals in Your Design Firm - Ep 138 with Michele Williams

• Pricing without Emotion®

• Understanding Your Financials™

• Master Your Profit® Course