Start with the life you actually want. We will work all the way back to the one number your business needs to hit to fund it. Prefer a notebook for the thinking bits? Do them on paper, then pop your answers in here.
Score how satisfied you are with each area right now, out of ten. Not how good it looks to others, how satisfied you feel. Everything starts at zero, so slide each one up to where you honestly sit.
Two quick lists. Challenge yourself: how many can you reach? Twenty is the goal. Add one at a time and do not overthink them.
Your long term goal might be three to five years away. What is the next step towards it, and what is in the way?
This is your personal life, not the business. Two parts: first map what you actually spend now, then add the goal life you are building towards. Everything monthly, and round up a little for a buffer.
The life you dreamed about in step 2. For a big one-off goal, like a house deposit, put in the amount you would set aside each month towards it.
Your monthly personal number flows in here. Split it across pots, the way you would set them up in your personal bank account, until every pound has a job.
Set up a pot for every tax you will owe: personal tax, corporation tax if you are a company, and VAT if you are registered. There is almost always a personal tax bill, not just a business one.
Your take-home is what you keep after tax. So your business has to make more than that, enough to cover the tax too. Confirm how you trade and I will work it back.
If you would like an accountant to run these figures through proper tax software for your exact situation, that is what we do at striveX.
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