Women in Business: Work Backwards Formula to Achieve Bold Money Goals
/Now that you’ve set your Bold Money Goal for 2012 and have it in writing (see previous blog: Set a Bold Financial Goal for 2012 /blog/ you'll want to use The Work Backwards Formula to make sure you get the results you want.
To Re-Set your Money Speedometer, which may have been stuck on the same old number for too long, means you have to examine WHY you want to make the amount of money you set for yourself. Your
WHY tells you what your motivation is. (To know why your WHY is the most important thing you can do as a woman in business go to this youtube clip in the TedSeries by Simon Sinek: The Golden Circle http://blog.ted.com/2010/05/04/how_great_leade/
Now, I know the economy has dampened, or for some, even smashed the ability to dream and envision. But we have to take our power back and stay focused on what we want (financial peace & freedom) vs. what we don't want (more financial struggle)
To Start - Here are some questions to explore your WHY: This is where you get to dream and in order to be the most successful you must stay in touch with your dream and your purpose!!
Next, write down your BOLD Goal for 2012 : $75,000 Gross
I want to make $_______ so that I can ________.
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The questions you answered above are part of your vision and dream that will pull you towards your goal.
Now fill in these Work Backwards questions:
1) How much do you charge your clients? The average bodyworker, for example, depending on locale, charges somewhere in the neighborhood of: $75.00 an hour Your hourly fee: _________
2) How much do you need to earn a month to earn $75K a year? $6,250 (75 divided by 12 = )
3) How much do you need to earn a week to earn $75 K a year? $1445.00 (6,250 divided by 4.33 = 1436. Rounded up)
4) How many clients a week do you need to see to earn $1445? 19 clients a week at $75.00 a client = $75,000 Gross Income
Now you have your work-backwards formula to earn $75,000 gross a year.
