In module one of the Incubator ยฃ15k in 90 Day Accelerator
โ
We need to make sure new clients are set up to become profitable
โ
That meansโฆ
โ
โ
having a profitable front-end offer
โ
&
โ
โ
having a profitable long-term monthly offer
โ
Now if we look at some extremely basic mathsโฆ
โ
Total business outgoings โ number of clients = cost per client
โ
So if your total business costs per month are ยฃ10,000
โ
And you have 80 clients
โ
Thatโs ยฃ10,000 โ 80 = ยฃ125
โ
Each client costs you ยฃ125
โ
And if you donโt charge more than that amount, your business is making a LOSS!
โ
Yes, super basic maths & a lot more needs to go into itโฆ
โ
But such a small calculation like that can show you if your pricing or business model is correct or not
โ
For contextโฆ
โ
When we had FitHub30, we charged ยฃ50 per month at the start
โ
And for the business to operate without me, 4 full-time staff & tax & VATโฆ our total costs would have been roughly ยฃ15k per month
โ
ยฃ15k โ ยฃ50pm = 300 CLIENTS ๐ซฃ
โ
I hadnโt done the math ๐ญ
โ
Once I finally started to understand business, we changed things up quickly
โ
But we donโt want our ads management or Incubator coaching clients to be in this situation
โ
Itโs why module 1 of the Incubator ยฃ15k in 90 Day Accelerator focuses on Business Model & Pricing ๐ฅ
โ
Get this part right & your stress levels will drop big time
โ
To learn more about the FitPro Incubator โ>> https://fitproincubator.com/
โ
You got this ๐ช
โ
David ๐