At the top of a blank piece of paper, write the words ‘My Money Game’ and make a note of the date.
My goal for the business is to earn $ ___________ in the next 12 months.
Now sit back for a moment, and consider your financial goal for the next 12 months.
If we take the figure $120,000 as an example, thinking about building your business may feel pretty daunting.
But when you break down a single large financial goal into chunks, things instantly become more achievable and your chances of success are immediately much higher.
So consider this:
- If 100 people pay you $100 each month for something, that’s $10,000 per month or $120,000 over the course of the year.
But if you don’t sell anything – yet – for $100 a month. Alright, try this on for size:
- If 100 people pay you $39, that’s $3900 per month or $46,800 over the course of the year.
Based on the size of your current newsletter list, customer databank, or existing customer list, if 50 seems like a more reasonable number than 100, simply substitute the numbers.
When forecasting the revenue for your business using the Money Game … you can use a slide rule for each of the pertinent numbers.
How will you break down your targets so that you reach your yearly goal? Tell us how playing the ‘Money Game’ has helped you.