Is your business profitable? Here’s a way to get it there!

Make your business profitable with only a few steps. I learned this really exciting method from Mike Killen at WP Elevation yesterday and can’t wait to put it into action.

Here I’ll give you just the nutshell and what you can do right now.

Your business does not become profitable with bigger clients and larger projects. There’s a massive barrier to scale and profit and that is usually YOU.

You can’t sell a business that isn’t making profit and you wouldn’t want to sell a business that makes profit either.

If you find you’re working harder than ever, but not drawing a profit and not getting a salary, then you need this course. (but I will tell you here in a nutshell what you can do right now)

 

Key Takeaways:


– The RULES for profit that every business must follow
– 
Why you’re already profitable (you just can’t see it)
– 
The options you’ve got to start building profit

What is profit?

THE MYTH

Profit = Income – Expenses

Wrong! This is what we all have been taught, and this is probably why lots of us never make much profit  …

Why? Because here, in this winning model, you pay your profit first!

Then you pay yourself.

Then you pay your expenses and taxes.

Income – profit = expenses

Not the other way round.

Ha? How can I possibly do that? Don’t I have to pay my suppliers first? No, you don’t. Your suppliers will come after you, no worries, when they want to get paid. You have to look after your business first! Because if you go out of business you cannot serve your customers any more.

So pay yourself first. Your profit.

Here is how to do it:

 

 

 

 

 

From every money you get coming in you send a percentage straight away to your profit account, another percentage to your personal account as your pay, and another percentage (the rest) to your expenses and tax account.

Here Mike suggests 5% (or 10% if your income is over 500K) to your profit, 50% to pay yourself, 30% for expenses and 15% for tax.

And here is the really cool ‘trick’ (well, I love this one): organise your money in 4 different bank accounts.

  1. for Income and Expenses: All the money that you get from your business gets paid in there and all the expenses for your business go out from there.
  2. for your Profit: Might be an ISA in the UK, or another account where you cannot easily get into. You pay your money in there and you leave it there to accumulate and grow.
  3. your Personal account: Separate from your business account.
  4. your Tax account: You won’t touch that until you are due to pay your taxes and you won’t find yourself in a panic when tax paying time comes.

Ask your bank to open those different accounts under one Master account so you only pay charges for one account.

This is a pretty neat plan, isn’t it?

Of course, it takes discipline to keep this up but I think it’s worth the peace of mind and clarity.

Go get profitable!

 

Many thanks to WP Elevation and Mike Killen!

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Need a website, want to build your own, but ….

Need a website, want to build your own, but ….

You know that you really want and need a website but …

  • you haven’t got a clue where to start
  • you are not exactly clear what should be on it
  • you say to yourself you could build it yourself but it’s too complicated and you can’t dedicate all that time to building it yourself as you have a business to run
  • … fill in any other ‘buts’ in the comments below …

You can probably still do it anyway!

and I only say ‘probably’ because you might just not really want to just yet –
but if you know you do, you definitely can!

I show you how.

This is for you if you are a total newbie to website building, you want to do it yourself because you don’t have the budget for a designer/developer,  but you have no inclination of going through the long process of learning how to build a website from scratch.

What you will need is

  • time
  • curiosity to play and explore, otherwise also called ‘patience’ 😉
  • a feel for design
  • just a little bit of money (a fraction of what it would cost you to hand your project over to a web designer)

 

And because I believe in Goethe’s wisdom up there, the first person to act will be rewarded with a huge discount!

Watch the short video below to see how it works. (about 5 minutes)

In brief: if you want to make your own website but don’t want to spend weeks just learning how to set it up to start with, a prototype is a good starting point. It’s a fully functioning version of your final website, without the design elements. You will learn (I’ll show you) how to add your content – text, images and design elements.

Why not just get a premade theme then? Isn’t that the same?

Well, not really. I started with pre-made themes on WordPress and it drove me nuts. I didn’t find it very intuitive and I’m not someone who likes to read a lot of instructions. So finally I invested in a WordPress developer course and sat through the lessons for 2 full months.

You could still do that, go through youtube videos or Udemy courses if you have the time, but we established before that this is for who wants to get results quickly, who wants to get straight to the point. With this offer, you get your custom made prototype AND the know-how to finish the website yourself. So then you are set up for life!

The Prototype is a custom-made website, built for your exact business needs and goals.

Your business needs and goals that we establish in the Discovery Session, beginning with the Website Worksheet that you would have filled in beforehand.

If you are ready to go for it - hit the button below.

The first one to act will get 50% off  – which is €200 off!

What you will get

  • a business discovery session
  • a custom-made WordPress website based on your business goals and needs**
  • personal tutorials on how to upload your content and create your designs

for just €200 – (only for the first person to act)

or €400 (if you missed that first spot)

This is a limited trial offer.  Expires on 30th December.

** without the design elements, as you saw in the example video. You will learn how to add your content and design ideas.

What do WordPress websites cost?

A typical breakdown of expenses required to get up and running might look something like this:

  • Domain: $12/year
  • Hosting: $10/month – $30/month
  • Premium Theme: $50-$200
  • Premium Plugins: $15-$200 (each; some are one-time purchases, others are monthly/annual licenses.)
  • Rough Totals: $200-$1,000+

This is of course assuming no one already owns the domain you want (which could set you back hundreds or even thousands depending on the situation), that you can keep premium theme and plugins to a minimum, and that you personally have the time and experience to set everything up by yourself.

Read the full article to find out more.

How to create and organise content for your website that will speak to and attract your ideal client.

Join my 4 week coaching programme where we dive into the foundations you need to create a website that actually works for you!

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