So, you’ve done it. You’ve launched a business, you're working with a good number of clients, and you're navigating the journey to profit that’s sustainable. Truth be told, $3500 / mo is no small milestone. Whether you’ve been cruising along for a while now, or maybe you gradually reached this milestone there’s one thing we don’t want to see happen.
The dreaded plateau.
First things first, let’s just celebrate this income bracket you’ve made it to!
Earning $3,500 a month is definitely worth a big pat on the back, a happy dance & a pair of earrings or a nice dinner out!
Next up is keeping this ship in motion. Are you with me? To do that, let’s shine a spotlight on what you should be doing when you hit $3500 a month so that you can sustain it. This includes what it takes to avoid (or get off of) the plateau that so many business owners hit at this point. How you grow your business from here is crucial to hitting your next income milestone.
As a coach, course creator, healer, or any other variation of online business owner, you are an expert in your niche. As the CEO, or designated hat wearer of all of the business doings, maybe you’re wondering, “What the heck do I do now?” or “What’s my next step?”.
Let’s take a look at what you should be doing at $3500 a month in your business.
The number one, no questions about it, way you will break your business is to continue flying solo with no accountability in place. Whether that comes from an online community like Facebook Groups for emerging CEO’s or joining a mastermind group, having someone or a group of people that understand where you are and who will push you forward is vital to sustaining and growing. I’ve been coaching and working with emerging CEO’s for years and you can’t convince me otherwise.
**If you are looking for your accountability community check out our Facebook Community It’s a place for emerging and established CEOs.
Making data-driven decisions
If you spend more than 2 minutes with me I’m going to touch on a few things. One of those things, in any stage of business, is metrics tracking. Listen, I know it’s not sexy. It’s not shiny. It seems unnecessary. But, if you are going to stop throwing spaghetti at the wall, save your freaking time, and get the right shit done, you are going to have to know what’s working and what needs a pivot. Tracking your metrics is your one-way ticket to data driven, profit earning decisions. Every time. So, maybe it is sexy.
TIP: This also plays into your accountability. There’s nothing like real-time numbers to let you know exactly how you’re doing.
**Check out this post on Metrics & KPIs to understand a bit more of how this works and how to implement it into your business structure.
Systematizing is the first step on the way to full-fledged automation, and it digs into the weeds of your business. You’ll want to create a list of all of the different categories your tasks fall into each week. Think larger scale categories like bookkeeping, marketing, sales, production, and customer service. In each category, make a list of the tasks you complete… be sure to note how frequently you complete these tasks (daily, weekly, monthly, etc). This information is the foundation of systematizing your business.
TIP: Use an app on your phone, a Word doc on your laptop or computer, or even a pad of paper and pencil handy to jot down things as they come up.
** For a more in-depth look at setting up systems in a simple-to-follow process check out this article on the Benefits of Systemizing your business
For the CEO looking to take a deep dive to find and stop the leaks in their business, I’ve put together a free guide to help you do just that! Get your copy today!
If I were a betting woman I would go all-in that you don’t want to stay at the $ 3500-month profit bracket. You’d like to grow and scale from here, right?
If so, I don’t just want to cover what you should be doing at $3500 a month in your business to sustain but what it takes to grow from here.
While there are many things to put in place, I can narrow this down to the top two things.
- Clarify and revisit your Vision, Mission, Values.
These three things are the compass and captains wheel of your business ship. They help you navigate from where you are and keep your eyes set on where you are going, and what you won’t compromise to get there. Here’s the deal. If you want to be a purposeful CEO, gone are the days of thinking these three little things are elementary business practices that can either be brushed off or lost in a file on your hard drive somewhere. The high-earners and legacy businesses were built because the ladies at the top are clear and aware of their visions, mission, and values.
2. Invest in a coach or program that is specifically designed for establishing yourself as a focused CEO.
You need a program that will pull the veil back and show you the tools CEOs are using every day/month/quarter to keep their business running smoothly and profitably. The right program will offer relief and practical practices to implement while addressing mindset blocks and creating personalized plans.
Emerging CEO’s, their growth, and business health are my passion. I believe one of the best ways you can have a life that offers true freedom is by owning your own business- - if you do it correctly.
Again, I want to congratulate you on making it to the $3500 a month threshold. I’m thrilled for you! There is no doubt in my mind that you have what it takes to continue to grow.
As a recap, here are the resources made available to you in this post: