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Thrivetime Show | Business School without the BS

Determine Your Weekly Break-Even and Goal Achievement Numbers

Thrivetime Show | Business School without the BS

Clay Clark

Entrepreneurship, Business

4.71.5K Ratings

🗓️ 15 November 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

If you are struggling to know whether or not you are making money at the end of the month then you absolutely MUST know your break-even point. Learn the necessity of knowing and tracking all of your variable, fixed and hidden expenses.

Transcript

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0:00.0

And no, broadcasting from the center of the universe and the Thrive 15 dot com world headquarters, it's the Thrive time show.

0:19.6

All right, Thrive Nation, welcome back to the conversation.

0:22.7

For many of you who have heard about the Thrive time show, you found us on iTunes or you found us on Stitcher or maybe a friend

0:29.2

referred you to us for the first time.

0:31.2

Welcome to the broadcast.

0:32.6

It's the what we do on the Thrive time show is we provide you with business school without the BS.

0:38.1

And I'm excited because I'm going to let Marshall Morris lead the way on today's topic.

0:42.8

We have Marshall Morris.

0:43.6

He's the best selling.

0:44.4

He's the co author of the best selling Amazon best seller called start here.

0:49.2

Again, it's the Amazon best seller called start here, which you can get today for free.

0:53.2

You can download it today by simply going to Thrive time show dot com and you can download the book there.

1:00.0

But Marshall, before we get going, tell us why it is important that we determine our weekly break even and goal

1:07.2

achievement numbers and not maybe a yearly goal.

1:10.7

I believe that business is a lot like sport.

1:14.2

Business is a lot like war and between a sport and war, you got to keep score.

1:21.6

And so if you're not keeping score, then how do you know whether or not you're winning or losing how

1:27.2

whether you're profitable or losing money, you got to have some type of identifier for where you're at in the business.

1:34.1

So Stephen Covey would say though to you, you'd say begin with the end in mind.

1:39.0

Stephen Covey, this is the best selling author of the seven habits of highly effective people is begin with the end in mind.

1:44.6

You're saying keep score.

1:45.9

How do those two relate?

...

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