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Thrivetime Show | Business School without the BS

Business | How to Determine Your Weekly Break-Even and Goal Achievement Numbers

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 18 May 2023

⏱️ 31 minutes

🧾️ Download transcript

Summary

Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)

See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/

Learn More About How Clay Has Taught Doctor Joe Lai And His Team Orthodontic Team How to Achieve Massive Success Today At: www.KLOrtho.com

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Learn More About How Clay Clark Has Helped Roy Coggeshall to TRIPLE the Size of His Businesses for Less Money That It Costs to Even Hire One Full-Time Minimum Wage Employee Today At: www.ThrivetimeShow.com

To Learn More About Roy Coggeshall And His Real Businesses Today Visit:

https://TheGarageBA.com/

https://RCAutospecialists.com/

Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)

See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/

Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE:

https://www.thrivetimeshow.com/business-conferences/

Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE:

www.ThrivetimeShow.com/Millionaire

See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/

 

Transcript

Click on a timestamp to play from that location

0:00.0

Get ready to enter the Thrive Time Show 3, 2, 1, boom!

0:08.0

Oh, yes, Thrive Nation. Welcome back to the conversation. My name is Clay Clark, I'm the former US SBA entrepreneur of the Year and Chop.

0:16.0

Eric Chop, business coach, what are we talking about today, my man?

0:18.0

Oh, my man. We are going to go over how to determine your weekly break even and goal achievement numbers.

0:25.0

Okay, well, let's get into it. Okay, let's do it.

0:27.0

So first off, when you're playing a game, a sport, let's say you're playing basketball, your kids playing basketball,

0:35.0

you would want to know what your team's score is. If you're on the sideline cheering for a third grade boys basketball game,

0:43.0

you would want to know how many points your team has scored, and then you'd want to know how many points that the other team has scored.

0:49.0

So therefore you could tell who's winning or not. Right, right. This is one thing about cheerleading that's hard for me because my daughters will perform.

0:57.0

And I don't really know whether they did good or bad or whether they're winning or losing.

1:03.0

And then magically like three hours later, out emerges a second place trophy out of something thin air or a third or a first.

1:11.0

I don't know what's happening. And so, but for baseball, basketball, football, these kinds of sports,

1:17.0

you can, you can know whether you're ahead or behind. There's a scoreboard. There's a scoreboard. Exactly.

1:23.0

And so for your business, you have to have a scoreboard. And some of the key numbers you have to have, as you have to know,

1:29.0

how many deals you need, how many customers you need, how many clothes deals, how many paying customers, how many,

1:35.0

whatever you need to sell just to break it. It's a big deal. Now, Chuck, you see a lot of business owners.

1:41.0

Yeah, I know not anybody listing right now at other people that have no clue how many deals they need to break it.

1:47.0

It's very, very typical to meet with somebody and they are just kind of like, well, I know we didn't lose money last month,

1:53.0

which is where a lot of people find themselves, right? You're busy with the day to day and you don't have the time or block out the time to go back and review these numbers.

1:59.0

And then you're just kind of drifting along hoping that you're making enough money to keep the doors open at the end of the month.

2:05.0

And our whole goal here is to make sure that everybody leaves feeling whole and not full of holes.

2:09.0

Everyone want to talk down or feel like I'm talking down to anybody or patronizing anybody.

...

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