What Magically Happens when you hit 100K
Do you know your numbers enough to know how much money you need to pay yourself to keep the lights on and vehicles registered?
Do you know how much your business needs to cover its expenses?
Do you even know what your business expenses are?
We don’t always take time to pause and ask ourselves these questions or dive into the numbers enough to know what’s really going on under the hood in our businesses.
Furthermore, the online space perpetuates a whole lot of loose advice and notions that we THINK we should be going along with, rather than sharing the behind-the-scenes of:
- What it really looks like to achieve / attain a goal
- What’s involved in maintaining a certain level of income
For this week’s episode on whether or not $100K is the ticket to sunshine, unicorns, and rainbows, I brought in Sarah Young, host of the Profit + Prosper Podcast and Founder of Young + Co., a virtual CFO agency. Sarah’s life work is to help business owners find financial peace and generate freedom and wealth.
In this conversation, Sarah Young and I get into:
- How to determine how much to pay yourself from your business
- The reasons businesses aren’t as profitable as they could be
- Some money mindset issues she sees her clients struggle with
- Why $100K isn’t enough and not all it’s cracked up to be
- Questions to start asking yourself when looking to scale and grow
- And more!
Connect with Sarah Young:
About the Host, Emily Aborn Content Copywriter, Podcaster, and Founder of She Built This
Emily Aborn is a Content Writer for women entrepreneurs, Podcast Host, and Founder of She Built This, a community for women entrepreneurs and professionals. She’s been an entrepreneur since 2014 and has experience in running brick-and-mortar as well as online businesses. She’s worked with over 93 different industries and loves helping those with a big mission increase their visibility, connect with their clients, and bring their dreams and visions to life. For fun, Emily enjoys nerdy word games and puzzles, reading, listening to podcasts like they’re going outta’ style, and tromping about in the woods with her husband, Jason, and their dog, Clyde.