5 steps to £5K a year

If you want to improve your business by £5k a year here is a simple 5 step guide.

1. Set a date for when you want to earn your increase by. So by January 1st 2020 I will have increased my income by an extra £5k.
2. Break the challenge down to 6 months, 10 weeks, one month, one week. State how much you expect to increase your earnings by in these time periods.
3. How many hours will you need to work a week to earn an extra £5k? How much will you need to increase your prices by to create that £5k? What cuts can you make to help improve your profits? What additional services can you provide? You may want to think about referral programs, cash back schemes on purchases or fuel cards. You can also provide chargeable resources like online resources or books (these can be included into price increases to add value to your service but the customer thinks they are free). Premium prices for Advanced driving lessons using their cars, implementing a cancellation policy to reduce financial losses. Use your imagination and ask yourself if someone else was going into business and they asked you the question "what else can I do to add value to my services or to earn more money through my daily business?" what would you advise them?
4. Investment is key and investment in yourself is absolutely paramount because this is what the high earners have done to increase their earning potential. Setting up an investment plan, whether that is to add more technology into your business or improve your skills. Write down your wish list of CPD and resources to help grow your business.
5. Prioritise and action. Starting the process of investing in yourself and then putting that investment into action, will go back to the previous email I have sent out about 'The 5 key qualities you need to be successful'. This means when you go on a course it is essential that you implement the knowledge you have learnt and then, go on to self evaluate that learning. It helps if you set a finish date and break down your goal, be creative on what you want to do and what you need to change, then invest in how you are going to change and finally prioritise. Take action now.

Our courses at Tri-Coaching Partnership have helped many ADIs improve themselves and their business, don't get left behind jump right in and get started on your amazing journey of improving yourself and your business.
Graham