Your New Business Launch In 30 Days
Day Seven – Consolidation
Look back and see what you have learned so far. Read and re-read those first pages. It would be worth taking your entire 90 minute focus session for today to re-read those pages and really get to grips with the first section. It would also be a great idea to Google “example P+L sheets” to help you get to grips with this most essential document.
When you have gone over everything and you are happy, ensure you can honestly say YES to the following questions:
Yes I have made time every single day for my 90 minute focus time
Yes I can tell you what fixed costs are variable costs are
Yes, I know how to work out my breakeven point
Yes, I know I am capable and worthy of earning lots of money
Yes I understand that I must make as much money as I possibly can
Yes I am totally laser focused on achieving my goals
Yes I can tell you what a P+L account is used for
Yes I can tell you what a balance sheet is
Yes I can tell you what profit really means to me
Yes I can tell you why cash flow is so vital
Now go have a bath and relax! Things do start to ramp up a bit now so chill my friend.