Set Your Percentages for Success
With your accounts ready, it’s time to decide how much of each dollar goes where. In this lesson, I’ll walk you through simple starting percentages and show you how to customize them for your author business. Remember, it’s all about starting small and building the habit.
Action Steps:
Write Down your starting percentages
Don’t over think this! These numbers can be adjusted. Right now the goal is to form a habit.
2. Accountability Check
Use the form below or reply to the email you got letting me know what your percentages are!
What Happens Next:
Get ready for the next lesson, because it’s a good one. Next time, we’re moving money!
BONUS PRO TIP
If you’re still stuck on your numbers, don’t let this part trip you up. Instead, just set Profit at 1% and Tax at 1%. You can split the remainder between Owner’s Pay and Opex for now. Again, the point of this lesson is to get into the habit.
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