You can make A LOT of Money In BUSINESS, But It's Not The Way You Think

Name: You can make A LOT of Money In BUSINESS, But It's Not The Way You Think
Uploaded: 2024-08-12T09:00:12+00:00
Duration: 30 s
Channel: Tim Frey
Description: This excerpt from a Tim Frey YouTube video explains a simple financial-planning tactic: work backwards from revenue goals into pricing, client counts…

12 Aug 2024 · 1 min

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This excerpt from a Tim Frey YouTube video explains a simple financial-planning tactic: work backwards from revenue goals into pricing, client counts, weekly targets, and lead requirements. Example given: to hit $10,000/month with a $1,000 product you need 10 clients/month (2.5/week), which the speaker maps to needing ~25 leads. The speaker emphasizes entrepreneurs often fail to break down these numbers and overcomplicate the process.

Questions this video answers

$10,000/month

$1,000 per sale

10 clients per month

2.5 clients per week

25 leads

Chapters

In our eight week plan that we do with our clients, one of the things that we do is we get the goal and then we work backwards. So we want to hit $10,000 a month, and you sell something for $1,000, you need 10 clients a month. You break that down into a weekly number, that's going to be 2.5 clients a week. My God, I math it so well. So that means that you'd need at least 25 leads to be able to make that sale. And so it's just numbers, and it's really, really simple when you break it down. But most people, most entrepreneurs don't spend time breaking down their numbers. They don't actually know what it's going to take, and they think that it's going to be a lot harder than it actually is. So what is our financial plan to hit 3 million in business? STEPH.