Looking at the numbers
|Baz||Oct 15, 2020|
Do you like numbers?
Personally I'm not really that interested.
But they can be useful.
I've just put together a projection for a personal trainer, showing how he can get to his goal of £6000/month take-home.
He puts in how many clients he expects to have each month and it tells him how much he is likely to be spending on wages, how much he needs to set aside to cover tax and how much he can afford to pay himself. On his current structure and growth rate, he'll get to paying himself £5300 per month in February 2022, but no higher.
That shows him, quite clearly, that he's going to have to raise his prices at some point.
I went through and redesigned the dashboard for my business last week. I put my figures from March onwards into the new format, and got the graph below. It shows a correlation between the number of conversations I have (meetings, one-to-ones, LinkedIn messages) - the blue line - and the number of clients I have - the purple dotted line.
That shows me, quite clearly, that I need to start conversations with more people.
So knowing the numbers might not be exciting but it can give real clarity and show you what to do next.
Which numbers do you track and what do they tell you?