Will It Benefit You In The Long Run?
Have you ever not wanted to do something that you know needs to be done?
Did we all just raise our hands?
I can list 20 things I could do on Sundays that don’t include being in the kitchen meal prepping for the week.
I can list 20 things I could be spending money on rather than whole foods and supplements.
And, I can list 1 thing I could be doing at 5:45 am than working out.
But - what happens when I don’t do these things?
If I don’t meal prep, evenings feel hectic because I have to get us home to prep dinner, then eat, then clean up. That’s not how I’d like to spend our weekday evenings. It also makes it easier to take an actual lunch break because I just have to warm it up and eat.
If I choose processed food I immediately notice when I’m eating something I shouldn’t (inflammatory oils, gluten, dairy, soy, etc.) and feel inflamed and bloated. With healing some stomach issues and some hormone imbalances - if I don’t take the supplements recommended then those issues have no chance of improving.
Lastly, when I don’t have some kind of movement to start the morning I’m in a little bit of a mental funk and don’t show up as best as I can for myself, family, and clients.
Is it easier in the moment to skip any of these? Yes.
But, does it benefit me in the long run? No.
When we turn this over to small businesses - it looks similar.
It’s easy not to track things, specially…financials and sales.
Are creating reels more fun than filling out my proforma, reading over my previous month's profit and loss, or looking at how much more I need to make this year than last year to hit my goal?
Most of the time, yes.
But, since I have started tracking this stuff it’s helped be a guide for where I want to go.
If you’re setting sales goals and/or income goals for 2022 and you haven’t looked back at what you did in 2021 - how are you able to set realistic goals? (yes, I realize some can - so you keep doing you!)
If you’re trying to improve your income from $50,000 to $100,000 what does that look like?
- What does your average income need to be compared to last year?
- Will your expenses be more than last year? How many more clients/projects will you need to take on than last year?
- Do you have the time/space/energy to take on that much more?
Taking the time to look at your sales, income, and expenses from 2021 will do nothing but help you set realistic goals for 2022.
This doesn’t have to be fancy. It can be as simple as a google sheet, running a month-to-month profit and loss report in Quickbooks, or asking your accountant/bookkeeper to help break it down.
It’s not always glamorous to do, but if you create a simple system to work on this each month it’ll make it less daunting to do!
Need help setting this up?
While I’m not a sales coach or a financial coach I can help you get set up to use the information to make necessary decisions! Or join The Hatchery Community as I’m leading a workshop on this 😉