Do You Know Your Monthly Nut?
Be a PROFITABLE Badass Small Business Owner · Tammy Adams | Your Local Small Business Coach
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Show Notes
EPISODE 184 of The Local Small Business Coach Podcast
Do You Know Your Monthly Nut?
In today's episode:
How Much Money Do You Need to Cover Your Monthly Expenses and Keeping Your Business Open? Have you ever heard of the term "monthly nut"? If you haven't, you might want to make sure you know what it means. Knowing your monthly nut is a key number every business owner needs to know. Basically, your monthly nut is the amount of money you need to cover your basic expenses to keep your business going. In this episode, I break down an example of my old business and how you can figure out yours. Plus, we will discuss adding your personal monthly nut to this to determine what you need in sales each month to hit both your personal and business monthly nuts.
Thanks for Listening,
Tammy
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in take-home pay. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
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