Do You Know Your Monthly Nut?

  EPISODE 184 of The Local Small Business Coach Podcast   Do You Know Your Monthly Nut?   In today's episode: How Much Money Do You Need to Cover Your Monthly Expenses and Keeping Your Business Open? Have you ever heard of the term "monthly nut"?  If you haven't, you might want to make sure you know what it means. Knowing your monthly nut is a key number every business owner needs to know. Basically, your monthly nut is the amount of money you need to cover your basic expenses to keep your business going. In this episode, I break down an example of my old business and how you can figure out yours. Plus, we will discuss adding your personal monthly nut to this to determine what you need in sales each month to hit both your personal and business monthly nuts.   Thanks for Listening, Tammy   ~~~~ The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in take-home pay. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.   HELPFUL LINKS   Join the Badass Local Small Business Owners Facebook Group! Leave a Question for the Show: Ask a Question Website/Training Materials  Become a Founding Member of Our Upcoming Membership Site – Click for More Info Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business Get your free Business Health Check PDF     Follow me on Twitter @tadams4u   AFFILIATE LINKS Don't Forget to Check Out The PROFIT FIRST BOOK! ·         My Recommended Bookkeeping Program for Local Small Business Owners: Freshbooks Link Build a Website with BlueHost Get a FREE Audiobook! Take your Business Books on the Road with You!   CLICK to GET YOUR FREE AUDIOBOOK     WHO THIS PODCAST IS FOR: local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams