Boost Your Boutique With Emily Benson

306: Boutique Money & Sales Analysis Fundamentals

Informações:

Synopsis

What I learned during the launch about my tribe’s money mindset is the following: 1. Many boutique owners don’t save money. Zero wiggle room for mistakes or capital investments. 2. Lots of boutique owners are overbuying inventory. By a lot. 3. Boutique owners who have hit $15-20k revenue months go two ways… they are either living on the edge or ready to go for $1M years. 4. 55% (or 2.5-2.75x) margin is where so many boutique owner’s margins still land. Over the next couple of weeks of emails and podcasts, we REALLY have to talk about this guys. Your anxiety about money is simply coming from a lack of awareness and the steps to take after you know what’s going on. So let’s start this week with Assignment #1 | PART ONE: Become Aware of Your Money Situation. Step 1: Sign into your business bank account. Record how much is in there. Step 2: Look at your payment system or register. How much money did you make last week? How much money is hitting your bank account in the next 3 days. Record these numbers on the