Calculate Your Profit

Let's get started by calculating your current profit. Enter your best guess for revenue and expenses below. You can always come back and update them later.

Future Profit

Now that we know your business earns about $0/year, let's set a goal to improve it.

Over the next year, how much would you like to increase your profit? Is there a specific amount that would make your business feel financially stable? Are there opportunities to improve by 5-10%? Enter an amount that feels reasonable to you. You can always change it later.

Future Expenses

To achieve your profit goal, you need to increase your profit by $0/year. One of the quickest ways you can increase your profit right now, is to reduce your expenses.

Profit is the revenue you keep after expenses. So if you can reduce your expenses, you can keep more of your revenue as profit.

Over the next year, are there opportunities to reduce your expenses by small amounts? Are there services or products that you aren’t fully benefiting from, or inventory that is unused or thrown out? Think of the changes you could make and enter an estimate savings or budget for this time next year.

Future Revenue

In the previous sections, we’ve looked at your future profit and future expenses. Now we can calculate your target revenue using a version of the profit formula.

Make a Profit Plan

So far, we’ve calculated your current profit, set a profit goal, reviewed your expenses, set a savings goal, and calculate a revenue goal. These are your target revenue, expenses, and profit for one year from now.

Make Smart Goals

To achieve the future targets, you want to increase your revenue and decrease your expenses. Here’s how much each value needs to change over the next year to achieve your goals.

Big changes like these don’t happen all at once. It takes time to improve, streamline the business, and grow into new opportunities. You can make this goal more achievable by breaking it into smaller more manageable challenges.

Monthly Goal

Now finding $0/year in new profit has become a much more manageable task of finding $0/month in new profit each month.

Weekly Goal

There are 52 weeks in a year. You can spread your $0/year goal over 52 weeks, with a weekly goal of $0/week of new profit.

Daily Goal

There are 260 workdays in a year. You can spread your $0/year goal over 260 days, with a daily goal of $0/day of new profit.

As the time frame for each goal gets smaller, so does the amount of change needed to achieve it. Goals get easier on a weekly or daily timeframe.