MAY is here and in Hawaii the first of May is Lei Day.  A lovely tradition of spreading aloha throughout the world.

 

I’ve spent the first week of May helping my coaching clients set their goals for the month.  I believe it’s important as an owner of your own business to have an income goal every month.

 

If you had an extra $500 income every month, what would you spend it on?  

 

I asked this question in a group coaching session this week and here were some answers.

• It would pay for my kids’ baseball extras.
• It would pay for my husband’s medical expenses.
• It would pay for my health insurance.
• It would invest it in my business.
• It would pay for a coaching program
• It would be added to my retirement savings.

 

An extra $500 a month makes a real difference in their lives.  What about you?

 

One of the most popular workshops I gave at conferences was “Building profit centers” in your business.  I loved to share a story taken from David Bach’s book “Start Late Finish Rich” in which David talks about a woman who thought she’d done everything wrong.  She had divorced, remarried, and literally had nothing in savings.  She worked 45 hours a week to make ends meet.  She was worried about her future and went to a financial planner, paid him $500 to run a financial plan for her. The financial planner  told her that in order to be able to retire she’d have to start saving over $2,700 a month!

She came away from that meeting feeling depressed and feeling stuck about her financial future.  After listening to her story David,  asked her this question..

 

“Can you save $10 a day?”   She said “Yes!” 

 

Then he asked, “Could you get your husband to save $10 day?”  She said “Yes!”

 

That’s $300 each or $600 a month.  Or $7200 a year!  Then, he shared that if she did this automatically every month and put the money in a solid diversified investment that earned a decent rate of return, in 20 years she would have a sizable retirement amount.

 

That’s a great plan for someone who owns a Direct Sales Business.  It’s part time work that is strategically planned to pay for something important in your life.

 

 Again, I’m asking what would you do with YOUR extra $500 a month?  Would you save it?  Would you use it for your family?  Would it help pay  your mortgage?   My million dollar team knew how to build profit centers in their business and that’s an important area I share with my coaching clients.

 

I love helping my coaching clients be strategic about setting monthly goals. Sales goals. Booking goals. Recruiting goals and INCOME goals.

 

I’ve laid out  5 Strategic Ways to Hit your Income goal over on the Blog this week!

Read it here

 

Does your income from your business pay for something important?  Perhaps you’re saving to take your family on a trip after Covid.   But, if you feel you need more support in having consistent income, then I suggest you book a complimentary strategy session and we’ll figure what’s profit center is the best for you.

 

BOOK IT HERE

 

If you had an extra $500 income every month, what would you do with it?  Hit REPLY and let me know.

 

Sending Love  and Aloha from Hawaii today…

 

 

 

 

Gale Bates,  Your “Make the Leap” Mentor

Have you heard about FINDING THE GAP in  your business?

 

 It’s a little exercise I give my coaching clients that helps them identify what is not serving them in their business. It helps them zero in on exactly what they need to move the needle forward.  I call this FINDING THE GAP and I’ve updated my “Finding the Gap” Assessment tool which helps you realize where you are now and what you need to make a leap to a higher level.