Day 6 Goal
Go back to the target date you picked on Day 1 and determine how you and your business are making money.
Remember to write about your business in present tense (for example, write “My business makes money by” or “I make money by” instead of “My business will make money by” or “I plan to make money by”).
How to Make it Happen
Today, your goal is to fill in the three blanks on page 16 of your Vision Challenge workbook. In particular, these blanks address how much money your business will be making by your target date.
Money is a tough conversation for many people, particularly when they are new to business ownership and entrepreneurship. If, however, you want to build a self-sustaining business, you must get comfortable with both talking about money and asking for it when needed.
I recently posted an Instagram video related to this, titled “How to recession proof your life.” My basic solutions are to:
- Identify other people’s problems;
- Create a solution (products, services, or time); and
- Charge for it.
For more, please watch the video below.
After you have a chance to watch the video, go back to page 16 of the workbook.
The three blanks on page 16 are deceivingly complicated because they require you to finally start putting numbers to paper. In addition to projecting numbers like total revenue (which can be pie-in-the-sky), you’ll have to spend some time thinking about how much it costs to start and run your business and where the money will come from. You’ll also have to decide how much you will take home each year and how much you will leave in the business.
If you want to get even more specific, you can also fill out pages 17-18 in your Vision Challenge workbook. Not everyone will be ready to tackle these optional pages, and that is completely okay.
I do suggest, however, that no matter where you are in terms of your business ownership, open the calculator app on your phone and play around with the numbers.
I hope you enjoyed this Day 6 goal!
If you’d like to share your vision with me on social media, tag me @shontaviajesq (on all platforms) and use the #VisionChallenge hashtag so that I can see it.
If nothing else, take a picture of your completed workbook page and post it so that I know you’re alive out there.
See you tomorrow!
Join my support network
Studies show that you’re more likely to meet your goals when you have accountability partners! To work together with a supportive community of other side-hustlers, creatives and entrepreneurs, you can join my private group by clicking this link or via the Mighty Networks App.
Download the Mighty Network app by clicking here. Once it downloads, click “Find a Mighty Network” and search for Shontavia Johnson. You’ll find accountability partners and other content there that I may not share elsewhere.
New to the #VisionChallenge? You can learn more about it, and sign up to take the challenge, by clicking here.
Sometimes I will refer you to other books, products or services. While I may be an affiliate of these companies, creators, or authors, these are all things I have used and trust. I would not recommend these things to you if I hadn’t experienced them myself.