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90 10 rule slideshare
- 1. The #1 Profit Coaching Tip The 90-10 Rule
- 2. Do NOT operate on your company’s full billings.
- 3. Operate on 90% of your company’s monthly income.
- 4. Set aside 10% in a separate account for: taxes, extra debt payments and working capital.
- 5. How To APPLY The 90-10 Rule Use 90% of your income for: all monthly wages marketing expenses cost of materials & supplies all other overhead expenses minimum debt payments all partner payments any other balance sheet payments or monthly expenses.
- 6. Create a PLAN $100,000 MONTHLY INCOME $90,000 BUDGET $30,000 : Labor $25,000 : Material & Supplies $10,000: Month’s Wages $8,000 : Marketing $9,000 : Partner Payouts $5,500 : Overhead $2,500 : Minimum Debt Payments
- 7. What to Do With 10% KEEP IT IN YOUR SAVINGS ACCOUNT Creates a buffer when the economy tanks Creates a nice cash balance to pay for your taxes Gives you options to grow PAY EXTRA TOWARDS DEBT
- 8. debt i no a good thing A business that is debt free will win every time.
- 9. keep going until you have 3 month of expenses built up With a $90,000 Monthly Budget You Can Stop at $270,000... But We’d Keep Going!
- 10. Mor Profi Coachin p blog.ignitespot.com