I’m sharing an investing formula for any small business owner who has big ambitions and is dedicated to growing their brand in the next 12 months. I break down the different buckets you should set up in order to intentionally support your goals of getting to the next level. I also describe some real world examples of what’s possible for each budget and explain how to apply this template to whatever your projected revenue is for next year.
Episode Timeline & Discussion Questions:
(1:13) Welcome back to The Chris Harder Show. Today, Chris is sharing his formula for investing revenue back in business growth.
(1:28) Text DAILY to 310-421-0416 to get on Chris’s daily text list.
(2:49) Chris stresses the importance of having a real financial plan to direct your revenue.
(5:06) Chris explains the difference between business revenue and your personal paycheck.
(6:48) Chris breaks down the four areas that you should invest in: personal development, team, marketing, and emergency fund.
(11:31) Chris shares what this formula looks like for a business that brings in $200,000/year.
(16:20) Chris explores what the different budgets look like for bigger businesses.
(18:50) Learn more about the 2023 Elite Mastermind at chrisharder.me/mastermind.
(21:07) Chris asks listeners to share the podcast and leave a 5-star review.
the second most
important place for
you to invest your
revenue is in good
people who will help
you build your dream
income-producing
machine. You can't
get there without
investing in them.
You’re Going To Hear About:
- The #1 financial mistake I see with “accidental entrepreneurs”
- Why I believe 60% to 65% of your revenue should be dedicated towards growing your business
- The thought process behind earmarking 20% of your revenue for marketing & PR
- Reimagining the traditional hiring and team building model
Resources Mentioned:
- Just a few spots left in the 2023 Elite Mastermind! Check out more information at chrisharder.me/mastermind.
- Text DAILY to 310-421-0416 to get daily Money Mantras or Business Perspective messages to boost your day.