Tracking your time and money can help you make better use of two of your most important resources! In today’s episode I explain the super-simple, streamlined way I keep track of these two things on a day-to-day basis in my business – as well as how it helps me make better decisions and gives me more peace of mind.
Highlights:
- If you can answer “yes” to any of these questions, then you should be tracking (1:00)
- The best tracking system is… (3:45)
- Why I abandoned my time tracking software – and what works better (6:20)
- How I do all my financials in just 30 minutes per month (14:55)
A typical month of spending for my business (5 years old):
- $500 voiceovers by freelancers
This is not every month; it varies project by project - $495 Mailchimp
E-mail list of 100,000 - $400 WPengine hosting
Traffic of 700K+/month - $200 Google adwords retargeting
I can adjust this up or down if needed - $140 shipping
I send USB drives internationally to customers who buy my complete program - $120 podcast editor
4 episodes/month - $110 accountant
He runs payroll and will eventually do my tax prep - $90 amazon web storage
I have a lot of large files stored there - $60 membermouse
The system that controls access to my course website - $49 chatroll
I use this for live chat during live webinars - $30 libsyn podcast hosting
- $20 zapier
I use this to “tag” customers of my courses as such inside my e-mail list - $10 motionmail countdown timer
This is great for inserting working countdown timers in e-mails, during launches - $9 iconfinder
I use these in YouTube thumbnails sometimes - $9 sendowl
I use this for affiliate sales a couple times a year
= $2,242/mo
Keep in mind that when I started, my budget was only about $150/month, and I was able to make it work… it has grown gradually!
