How do you know if you can afford an employee? How do you know if you can afford an office? Wondering where your profit went - or concerned about a big tax bill at the end of the year?
The “Profit First” method will provide clarity for each one of these questions and many more. The security of knowing EXACTLY WHERE YOU STAND financially is priceless!
Crazy right? Even crazier: this doesn’t even represent all of my revenue. I do well on a monthly basis, but not this well!
While I’m obsessed with this tool (for obvious reasons), I don’t necessarily think it’s right for everyone. Read more about what it is, why I like it, and who should use it.
My single best tip: it’s okay to prioritize your work obligations over your parental obligations sometimes. They will live. I promise.
I know that sounds harsh - I really do. But stick with me for a minute. What would happen if you were paying an expensive [attorney, accountant, doctor, dentist.. you name it] and she constantly canceled because of kid stuff?
You’re providing a very expensive service to people that count on you. If you are constantly canceling because your kid called home from the school nurse with a hangnail and needs to be picked up (or is that just my kid? #wishiwaskidding #dramaqueen), they can’t count on you anymore.
Nobody wants to be stressing over college essays or application edits on Halloween or New Year’s Eve - not you, not the kids, not their parents.
If you set boundaries in this area and stick to them, you’re doing EVERYONE a favor. I promise.
And if you have trouble saying no? Check out #3: my no-fail secret weapon against holiday work.
I’ll never forget creating my first contract.
I was lying on my couch in Arlington, Virginia, watching Bravo’s “Million Dollar Listing” and instant-messaging on my laptop with a friend in law school. She was giving me “not-legal-advice” (if you have attorney friends you have heard this term before!) and I figured it was better than going at it alone, since I obviously had no budget for an attorney at the time. Everything seemed promising enough. What could go wrong?
Do not waste your time with the people who will cause 80% of your stress and lead to 20% of your revenue.
Friend, you do NOT have time for that AND YOU KNOW IT!
You have to identify these people at the outset before they become your clients. You can’t be afraid to set boundaries. You can’t be afraid to tell them you’re not a good fit for their needs. I promise: you will solve 80% of your problems by proactively choosing not to move forward with 20% of the people that want to work with you.
We all know that I love project management tools and that I particularly love Asana, but I’m just one person! I thought it might be useful to hear from one of my team members for another perspective on the tool within the context of our educational consulting practice and her work with students. Thanks for weighing in, Jennifer!