Hi there! 👋
How are you going to live as a photographer?
You know what number you need to hit each month. You don’t need a budget spreadsheet or read I Will Teach You to Be Rich (although I highly recommend it).Â
But you do need to set your goal based on what you need in your household to replace your current income. Maybe you’re in salaried position making $50K. Can you make enough profit to cover your business expenses AND pay yourself $50K?
*Remember revenue is the big dollar number that comes in; profit is (or can be) what you pay yourself at the end of the day.
So earning $50K in your photography might mean earning $70-80K in revenue.
You follow so far?
P.S., In tomorrow’s email, we’ll figure out who’s going to pay you that much money!
Cheers,
Jordan P. Anderson
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