Welcome to Business Bites with Bonnie. A podcast for small business owners who are wanting information and inspiration to take them from surviving to thriving in business. I'm Bonnie Wicks, a small business coach, course creator, busy mother, cacao lover, candle-obsessed, boss babe, that believes that small businesses are the revolution this world desperately needs.
This podcast will contain rambles and stories covering all topics related to biz from money, marketing, management, to mindset.
Season Two will be released in January 2023 to help you make this your best year yet.
I'm not the biggest fan of goals - listen to last week's podcast. Goals are soo masculine and rigid. However, when it comes to business, having goals and measurements of success are essential. You need to understand what income you are aiming for, what resources you need for that, and forecasting which months may be bigger or smaller. Once these targets are set you then need to track, measure, and re-assess.
So what targets should you be setting?
Gross revenue per month
Estimated cost and resources each month
Profit and freedom target
Profit margins per service, contract, or product
Not a target as such but Cashflow is king
Ways to hit your financial targets
Increase your revenue
Decrease your overheads and costs
Increase revenue
There are 4 methods to increase revenue
Increase the number of customers you serve
Increase the average size of each transaction
Increase the frequency of transactions
Raise your prices - you should have a strategy-backed policy on price rises setting when and how much they will go up
When looking for major growth, I always recommend weekly money meetings.
Get professional help- bookkeeper, accountant, financial planner, marketer, marketing strategy, FB ads specialist etc
Any questions?
Send me a DM on insta at https://www.instagram.com/two.of.coins/
18 Jan 2023
EP37: How to get the best out of 2023
Last week I discussed a social media trend I loved - word of the year. This episode we will discuss a social media trend I disagree with - 2023 being your best year. Hint - 2023 doesn't have to be your best year and best shouldn't equate to More.
Sometimes life happens and we have natural contractions and retreats. So instead of going into 2023 thinking it is going to be the best. Go into 2023 with some tips and tricks to make the best of it no matter what life or business throws your way.
In this episode we will discuss:
How to make the best of 2023
Why society thinks better equals more
Well wishes for the future year
I hope you get massive value from this podcast. If you want more value, come follow me at insta on @two.of.coins
13 Jan 2023
EP36: Word of the year
I was soo happy to see a new trend on social media where we picked a word for the year. I am super passionate about this topic and think that a word of the year can be a powerful tool for change.
In this episode we will discuss:
* Why a word of the year is a good focus
* How to harness it for the maximum potential
* Why I think traditional goals suck
I hope you get massive value from this podcast. If you want more value, come follow me at insta on @two.of.coins
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