Creating Your Cash Flow Plan in 4 Steps
I remember a time in my business when I was working very hard. I had a lot of small packages and I had clients… but it still wasn’t adding up to a full-time income. That’s when I knew something had to change!Here were the 5 steps I took to transform my relationship with money, and I go back to these steps every time I have a specific income goal.
1: Make money your friend instead of your root cause of stress!
If you were to build a relationship with someone, how would you do it? Would you complain and run and hide from them? Or would you show them some tender loving care?
The stress comes from not having enough – and not feeling confident in your ability to create more. So instead of charging your worth, you charge less! Does that make sense?
If you want to attract more money into your life, stop letting it be a stressor in your life. Have a conversation with money….
Admit that there have been wrong doings or breakdowns, and make a new commitment to having a wonderful, positive, beautiful relationship with money.
It’s about building the confidence to be able to create more and welcome more in.
2: Create a cash flow plan that aligns with your goal.
Be really clear. What is the purpose of this cash flow goal?
At one point last year, I had a goal to bring in $25,000.
I created a premium offer and only offered a “pay-in-full” option. It was a VIP intensive valued at $5,000. If I sold 5 in one month, I’d hit that $25,000 boost!
NOTE: Whenever I set a cash flow goal, sometimes I hit it and sometimes I don’t. Be loving to yourself and keep moving forward.
3: Do the Math.
How much do you want to make each month? How many clients at what level do you need to attract to achieve your goal?
For example, say you want to make $10K a month, and your package is $1000 a month. That means you need to attract in 10 clients.
You can take that one step further and figure out how many sales calls you need to have based on your close rate. Cool right?
4: Know your numbers = create a basic excel spreadsheet with your monthly input and output.
This exercise is so important and helpful! I highly recommend you do it at least once. Take time to get a handle on the following numbers…
Input: what is coming in
Output: what is going out
Goal: your income goal
Gap: the difference between what you have coming in and your goal
If there’s a gap, gain clarity on what you get to create to fill that gap!
Now, to wrap this up – what is the gap in your business? Are you still struggling with determining your offer? Comment below to let me know.