Money 911 with Kris Miller: I was invited me to be a guest on Money 911 show
This is such an honour as this is an amazing Money 911 Show
You can watch us click here
We discussed why it is so important to talk about money:
2 reasons – the first reason is that it is essential to have an understanding of how money works – it doesn’t need to be complex or complicated. A basic understanding of the fundamentals changes people’s lives – forever
The second reason is that today more and more people are setting up their own business and getting the money right is essential – and again does not need to be overly complicated
That business might be a side hustle, or a small business or a big business.
Kris from Money 911 asked me: “What is the number 1 question people ask you?
The most frequently asked question is: How much should I charge for what I do?
And this is a tricky question because the answer is different for everyone – depending on their business model and why they have a business.
The essential factor and where you need to start – is that you need to charge more than it costs to be in business
What does that mean?
To be able to figure out how much to charge – it is super important to understand how much it costs to run your business – how much it costs every year, every month, every week.
That’s where we start – calculate this number for your business.
Then add to that – how much do you want to pay yourself?
And how much profit do you need to make in your business?
It’s truly a business when you cover your costs, pay yourself and make a healthy profit.
Once we know these numbers, these financials, we can start to work on an effective pricing model for your product or service and specific to your industry.
Our conversation continued:
We talked about how to get started
What’s the difference between Revenue and Profit
How much time does it all take?
What are KPIs ? Why are they important? and which ones do I need?
and much more
My guess is you are here because …..
My guess is that you are here because you are a business owner and what you really want – is to build and grow a successful business – whatever that means to you.
We know that business owners want to feel more confident when it comes to the money side of business.
Take Your Business Financial Health Check click here
Having a successful business might mean making business decisions with reliable information – facts & data as well as your “gut feel.”
… ultimately you want to do what you do best AND have a successful business AND make a difference.
I’m here to help you.
Everything I do in my business, every decision I make is based on this question:
Will this make a difference? Will this help you, my listener – will this help you to build your business? will this help you to create your successful, viable and robust business so you can achieve Financial Independence?
This is why I do what I do
There are 2 ways you can access all my best material:
I regularly run webinars on a range of money related topics:
- Managing Cash Flow so you never run out of money
- Understanding where your money goes – getting those expenses sorted out
- Understanding the Profit First book
- Pricing – getting it right for your studio
- The things you need to know – 7 essentials – before signing a commercial lease
- How to make more money
- … and many other topics
If you’d like the replay of any of these recent webinars, please email me ingrid@healthynumbers.com.au and put “Replay” in the subject and let me know which one you’d like to watch. I’ll send you the link to the replay
AND
Read my book! It is a Business 101 and can answer pretty much all your business questions.
This book is designed to help you build your business – whether you are starting from scratch and creating something new or you have been in business for a couple of years and want to build from your foundations.
The book is your step by step guide to building a business smarter and faster.
“So You Want to Start a Business”
Order your copy now from Booktopia, Amazon or Book Depository
It’s so exciting to be sharing it with you.
If you prefer the kindle Head straight to Amazon
Happy reading!
What is your biggest question right now? Let me know – send me an email ingrid@healthynumbers.com.au
I answer all my own emails 😊