173: How Many Clients Do You Need to Take Home Six Figures?
Description
How many clients do you actually need to take home a six-figure paycheck? In this episode, I’m breaking down the exact formula I share with my High Profit Society clients to help them reach their income goals—without jeopardizing their wellbeing. We’ll walk through a simple three-step process to calculate the right business plan for your specific needs, factoring in taxes, expenses, and team costs. Yes, there’s a little math involved (as always), but stick with it, and you’ll see how my clients have reached their goals faster than they ever expected. Plus, I’ll give you key questions to ask yourself along the way to ensure you’re building a sustainable, profitable business. Let’s dive in!
💰What’s your next step to growing your business, profits, and wealth? Book your free Financial Health Assessment 1:1 with me to uncover your next step and take empowered action! http://trustyoungco.com/financialhealth
Resources mentioned:
Grab my free Sales Plan & Pricing Tool
Episode 171: The Mindset Blocks That Are Causing You to Earn Less Money
Episode 169: How to Identify Where Your Money Is Coming From
Episode 172: Q2 Plan With Me | Reflections + My Q2 Business and Personal Goals
High Ticket Offers for Max Profits | YouTube Playlist
In this episode, I cover:
0:00 Picturing the client structure you need & proof that it works
3:28 Step #1: Assessing your current revenue statistics
4:56 Step #2: Calculating your revenue target
10:04 Step #3: Figuring out how many clients you need
12:39 The questions you must ask yourself to hit that target
I’m Sarah Young - an entrepreneur, investor, and millionaire mentor for female founders! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, in addition to building my own successful agency, and I started the Profit + Prosper podcast to help you do the same.
Profit + Prosper will help you make more money, save more money, and set yourself up to retire early while upgrading your life - all in a way that’s fun and empowering. In each episode, I’ll share tactical, strategic, and mindset tips to grow your business, increase your profit, and truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
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