Why Setting an Arbitrary Revenue Goal is Bad for Business episode artwork

EPISODE · Apr 3, 2023 · 17 MIN

Why Setting an Arbitrary Revenue Goal is Bad for Business

from Lifestyle Business School · host Stevie Dillon

❌ Do not do this: Set an arbitrary and likely unrealistic revenue goal for your next 12 months (without any clear idea of WHY you’ve set it), burn yourself out hustling to achieve it and then wonder where it all went wrong.Here’s what I so often see:People under $100k a year setting $100k as their revenue goal.People over $100k setting $1m as their revenue goal.And 99% of the online business world selling their coaching and programs off the back of being a “6 figure” or “7 figure” business owner (even if it was for a year in 2020).I’m not a fan of arbitrary revenue goals anymore. Here’s what I AM a fan of instead:1️⃣ Getting clear on the EXACT personal profit goal that will fulfil all of your personal, investing and lifestyle needs.2️⃣ Working out the business profit you need to achieve that (because, you know, taxes).3️⃣ Reverse engineering into a Profit Optimised Business Model to achieve THAT.4️⃣ Enjoying the journey and being okay with it taking more than 1 year to get there.In today's podcast episode, I'm doing a deep dive on why you need to stop chasing an arbitrary revenue goal and start thinking about what would sustain the life you want, drown out the silly unrealistic expectations and get clear on your profit number.Full show notes for this episode can be found at:https://thecoursecartel.com/192--------Want more? Here’s how we can help you: Enjoy this content? Follow and subscribe for more: → Follow Stevie on Instagram — https://www.instagram.com/steviedillon_/ → Subscribe on Substack — https://lifestylebusinessschool.substack.com

Episode metadata supplied by the publisher feed · Published Apr 3, 2023

Embed this episode

NOW PLAYING

Why Setting an Arbitrary Revenue Goal is Bad for Business

0:00 17:45

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

Frequently Asked Questions

How long is this episode of Lifestyle Business School?

This episode is 17 minutes long.

When was this Lifestyle Business School episode published?

This episode was published on April 3, 2023.

Can I download this Lifestyle Business School episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!