success

New business owners are often chasing that six-figure business goal. Where that number came from is anyone’s guess. Perhaps, £100,000 is just a nice round number and sounds like someone who has “made it.” But, £100,000 can take a while to get to, especially if you are talking profit, not revenue.

In January, we talked a little bit about how to set business goals, but you also need to set small milestones along the way to really big business goals. Sure, £100,000 in a year may be the number where you feel you’ve “made it.” But, what is your profit goal for this year? For a business with a lot of overheads, breaking even in the first year or two could be huge. 10 sales per month are amazing for a business starting from scratch. Every £1 you make represents someone who was willing to pay for something you made.