07: Achieving your profit goal: The formula I used to grow my business $100k in one year

Today, we’re going to talk about gaining clarity in your business by setting one PROFIT goal. One of the most challenging parts about being an entrepreneur, especially in the beginning of your journey, is gaining a clear vision of your financial goals and knowing the steps that you need to take to reach them. Years ago as a new small business owner and solopreneur, I was obsessed with tracking our revenue. Revenue was what I focused on, revenue was how I set our financial goals. But, as you can probably guess, at the end of the year when we looked at our numbers, the actual profit that we took home (or lack of) was alarming. It was then that I took a step back to figure out my profit goal. This set off a whole chain of events that eventually got us to financial freedom and grew my business by 6 figures that year. It was so empowering to know exactly where I needed to be to reach my goal, so every time I sat down to work, I knew where we were headed. I could look at what we were doing and ask myself, “Are we on track? Do we need to course correct?” When you have sight of the end goal, those questions are easy to answer. I’m going to help you do in this episode.By the end of this episode, I want you to have a crystal clear vision of your profit goal. I want you to feel confident that you can hit it. AND I want you to have a tangible realistic plan to get there. In today's episode, we'll cover: - How to set a realistic financial profit goal - How to stay on track with your progress and know your numbers in your business - Tangible steps to actually achieve your profit goal - How to adjust your pricing, translation values, costs, and margins to make those goals easier to hit. - A free goal setting worksheet that I created to help you get there I’ll also share a bit of my journey of how I grew my business by $100k in just one year by setting a profit goal, and taking the steps I needed to take to hit it. Let’s dive in! Thanks for tuning into today’s episode of the Build That Business Podcast!JOIN OUR FREE FACEBOOK GROUP: www.LindsayJWilliams.com/group CONNECT ON INSTAGRAM: www.instagram.com/mslindsayjwilliams/ SHOW NOTES: www.LindsayJWilliams.com/shownotes/07 RESOURCES:Freebies to grow your business: www.LindsayJWilliams.com/freebiesFREE Profit Goal Worksheet: Eliminate Overwhelm & Gain Clarity in Your Business www.LindsayJWilliams.com/clarity Our Free HoneyBook Guide: www.LindsayJWilliams.com/honeybook Coupon Code for 50% off HoneyBook: http://share.honeybook.com/lindsayjwilliams