Missing your paid holidays?

At this of year in the Northern Hemisphere, our thoughts turn to the long stretch of summer ahead of us. For those of us in the UK, we are all probably aching to go somewhere sunny and rain free for a long, long time! (for those of you not in the UK, we have seen a whole lot of rain…..)

Yet, here is often where having our own businesses can be the double edge sword. We have all the flexibility we want, as it is our business, and yet for many of us, unless we are working we don’t get paid. And this is when we can reminisce fondly of our time as an employee…….

So what to do?

Well, you could always go and get a job but I know that’s not an option as you love the freedom ad flexibility of your own business.

So try this planning and calculation instead..I call it the My Holiday Time Breathe Easy Calculation!

Step 1:

As you plan your year in broad strokes, plan those weeks you will take out as holiday. Then calculate the number of working weeks you have left.

Step 2:

The divide your ideal annual income by those remaining working weeks. This number will then become the income you need to achieve for those weeks you are working. Doing this calculation and achieving this target will mean that you are paying yourself while you are on holiday!

Of course, it may mean you need to step up and grow your business by 20% but won’t that peace of mind be worth it?

If you need help getting focused and fired up to take your business up by 20%, try my new Focus and Fire Up Session! Click here for details.

 

 

Powered by WishList Member - Membership Software
Share with your friends










Submit