It’s mid-July, and the next six months will determine the success of your business for the rest of the year.   I hope you’re as excited as I am because I believe it will be a great year.  I will be collecting success stories from clients to help you understand you are definitely in the right place owning a direct sales business.

 

The question this week:   What does your business pay for? A car payment? Your mortgage?  Kids extras? A savings program?

 

All of these are possible when you own a Direct Sales Business!

 

Recently, a client asked me to help her figure out exactly how much money she’s making in her business.  She wanted to insure she had enough money every month to pay for something big she wanted to purchase. 

 

Some people “think” they’re making money in their business, but unless you know exactly how much money is coming in and you detail all the money that’s going out, and you keep good business records, you are simply guessing.

 

Some people are technologically inclined and record their business records on quicken or quick books.  However, my client was looking for something simple.   The system I recommend to my clients is a simple record keeping system using specific worksheets along with the Direct Sales Planner.

 

 

Recapping your revenues and expenses every month shows you if you’re making money in your business. It’s a simple method to record the details of money coming in and money going out every month.  In accounting terminology it’s your profit and loss statement.

Here’s how it works!

 

1. You plan your month on the Goals and Action plan pages in the Direct Sales Planner.  You write your INCOME GOAL and figure the events you’ll hold to achieve that goal.  You record your parties in your monthly calendar and you write the actions you’re taking to book, sell and recruit.

 

2. Next, you use the worksheets to track your monthly expenses.  You record the name of the expense, the description, the amount and allot a category.  You must talk with your accountant to insure every expense is a legitimate expense for tax reasons.   Then total up expenses so you have a complete record for each month.

 

3. Then you complete a worksheet I named the “Monthly Business Recap” worksheet and follow a simple formula for the income section.  All you do is plug in the figures of your sales and commission income and deduct the expenses you’ve recorded on your “Monthly Expense” worksheet.  

 

Now you know if you’re making money in your business.

 

4. Lastly, there is a “Monthly Savings Plan” worksheet if you want to record the amount of money you want to save every month.  Your Direct Sales business can be a great vehicle to save money for something special or future purchases.

 

If you complete these four steps every month, you’ll have the records to be ready for quarterly and yearly taxes.  Of course, I can’t stress enough, you must follow your accountant’s advice and manage your business according to your own tax situation.

 

This is a taste of what it’s like to have the right planner system that helps you run a successful Direct Sales Business.

 

The DIRECT SALES PLANNER system JULY discount is PLANNER15

Here’s the ink to get it and remember to use the PLANNER15 code to get the discount.

 

GET THE PLANNER HERE

 

OF COURSE, if you’d like to get the Planner FREE, I’m giving it to you if you join the

JOURNEY TO LEADERSHIP coaching program this month

JOIN JOURNEY HERE.

 

And here’s your FREEBIE THIS WEEK!.  It’s time  network over summer and gather new customers, hostesses and team members.  To do that you need to know how to plant seeds.  So, learn how to plant my top 10 Seed planters to grow your business. 

DOWNLOAD IT HERE