I recently showed you exactly how I project and track business expenses and how to do it easily in your own business. In this post, I want to show you the more exciting part: how to project and track sales revenue in your T&I business so that you can start earning more.
Everyone needs to know their earnings in order to pay their bills, right? If you are always waiting on the next project to land in your inbox, then you're doing this business thing all wrong. This method and spreadsheet will help you to stop living check to check, or month to month and really take control of your earnings and your business.
Again, just as in my other post and video on expense projection and tracking, the numbers I use in this spreadsheet and video do not reflect numbers in my own business. This is simply a demonstration to show you how you can project and track your earnings using a simple method.
Here's how my sales revenue projection and tracking tool looks in a few snapshot views.
This spreadsheet is great to use at the end of a tax year, to help you decide when to go on vacation or take an extended work break and to let you see where you can start earning more and/or working less by changing up your rates or fees. No matter if you charge by the word, by the hour, by a flat project fee, etc., you can use this spreadsheet to get a very good picture of your sales goals and how to meet them. Let me show you how.
By projecting your sales revenue, you can figure out exactly how much work you need to do each quarter to hit your sales goals/projections. It will also help you to get an overview of what you can earn for each type of service you provide. Don't like editing? Decide to translate more and plug that into your projections. Don't think you'll hit the numbers you projected? Use the planning tabs to figure out how you can. Want to drop low-paying clients? This will show you what you need to do in order to get there.
This method allows you to stop taking on every project that falls into your lap and start thinking ahead about how much you want to work and what you need to do to hit your sales revenue goals. Of course, you should reassess at the end of the quarter and tweak what you'll need to do in the following quarter or six months. You can use this method every year in your business. You can even project next year's sales revenue now, if you like.
Stop living project to project, check to check and lay out a plan for your T&I business. To get the exact spreadsheet I use in this video, click on the button below to download and get started.
When you purchase the spreadsheet, you will receive:
● the spreadsheet in Excel format (email me for the link as a Google spreadsheet, if you prefer);
● a link to a video that will walk you through exactly how to use the spreadsheet in order to track and project expenses in your T&I business;
● a discount code to use toward the M|Z Expense Planner (available as of April 19, 2018!).
The video tutorial that accompanies the spreadsheet is only available to those who download it. Before you tell another person, "I'm a words person, not a numbers person!", check out this spreadsheet, as well as the Expense Planner, and empower yourself in order to earn more, and plan for the future.