From decorations in the stores to the red cups at Starbucks and everything pumpkin spiced, we know that holiday season is here. The holidays bring so many emotions from joy to happiness to a childlike glee and yes, sadly to stress.
What brings the stress the most? The financial commitment that the holidays can become. From travel to gifts to donations to more gifts to tables full of food and to even more gifts it is easy to turn a wonderful time into one that brings worry.
We have been hearing the lesson of LEAD WITH REVENUE for years in the business world and it should also apply to our personal world!
With many of us putting together our annual budget for next year it is time to stop and think about all of those business expenses that we do not need to have. Time to stop and think about where we are going to put our money next year. Then, making sure we have the income to exceed the expenses so we end the year with profit!
Lead with revenue is not just a business concept and we can use this powerful lesson to make the most of our personal life as well.
Here is what we have learned to do. We have a jar that we fill following a schedule all year-long. On week 1 we put $1 in the jar. On week 2 we put $2 in the jar, and so on and so on. On week 36 we put $36 in the jar and by now we are sure you have figured the pattern. By the end of the year you will end up with $1378 in the jar. We add a little extra by emptying our pockets of coins into the jar and by the end of the year are in the area of $1500. Now, we take that money, divide it up and have our holiday budget to shop for friends, family, charity and ourselves. No stress, no credit card bills and nobody attempting to out shop anyone else.
This same pattern can be used in your business world as well as you add money to an account once a week or with every check you receive. Build up this account with a target to pay for needed training or a tool you need to add to the business or coaching for yourself and then you too can lead with revenue and not with hope and stress!
Here’s to a happy holiday season and to a revenue filled year for each of you!
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Chadalyst – Put together your budget for the next month at least and start working on how to follow a budget!