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.
Let's take your profit goal, and project it over the next 12-months.
Now finding $0/year in new profit has become a much more manageable task of finding $0/month in new profit each month.
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.
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.