A summer action plan can help you save for important upcoming events like summer get-togethers, summer vacations and back to school expenses.
In your Summer Action Plan workbook on Day 26 you’ll find a special formula to follow to create your own Summer Savings Plan each week.
Download your 30-day Summer Action Plan WORKBOOK here!
Summer can be an expensive time. The kids are in summer camps, they seem to eat you out of house and home and doesn’t everyone go on a summer vacation?
I believe your Direct Sales Business gives you the opportunity create reserves and build up a store of money to enable you to pay cash and not run up a summer of credit card debt. However, this takes careful planning and what I call “Managing your Profit Path.”
We talk a lot about growing your business having a calendar full of business, growing a dynamic team and MAKING MONEY! But, not very much is said about how to “manage your money,” and more importantly set up a SAVINGS program that will enhance your life and your family!
One of the most common problems I hear from many team members is, “I’m quitting my business because I’m not making any money.” I am saddened when I hear this statement because it just means they are not paying attention to the money that’s coming in to their business and the money going out.
As an entrepreneur, it is up to you to run your business like a business. 
That’s why I developed a strong, detailed system to track your profits – money coming in and money going out – in the DIRECT SALES PLANNER workbook.
There is a direct profit path in your direct sales business and your success lies in following a few steps.
Track your Party Profits. You partner for profit every time you hold a party with a hostess. The amount of profits you earn at every party is defined by your ability to coach your hostess and guide her to have high attendance and a room full of qualified buyers who love the product and enjoy your presentation. Record the details of every party in your DIRECT SALES PLANNER. Most importantly, the # of guests, the # of bookings and the total sales. These stats will help you determine your monthly sales income.
Record your legitimate expenses. Keep track of your mileage, travel and entertainment expenses every month in your Business Recap page in your Direct Sales Planner. This shows your accountant, your husband and yourself that your business does make money and gives you the validation to write off many tax deductions. It’s important to work with an accountant who will help you determine the best tax advantages for your family. The tax advantage of a home based direct sales business is one of the best financial moves you can make in today’s economy
Create a monthly Business Recap Habit. Simply follow the template laid
out in the Business Recap Summary page at the end of every month. At the end of the year you have a record of each month’s income and mileage and expenses. It’s simply creating a habit to run these numbers every month.
Commit to Saving. , I recommend setting up a monthly auto-pilot savings program. This is taking the profits from your business and investing in your future. Start with a small amount like $50. Financial guru David Bach says, “the secret to becoming rich is to pay yourself first, automatically, 10% of what you earn.” The sooner you start saving the bigger your nest egg will grow. When you know you have a set amount taken out of your account, it gives you the impetus to keep a consistent flow of business every month.
Follow the formula laid out in our Summer Action Plan workbook and focus every week for 10 weeks to see how much you can save over the summer months.
At the end of the day, having a profitable business is also about helping others have profitable businesses. As a leader your goal is to help your team members make a profit in their business to improve their life and their family’s life.
The DIRECT SALES PLANNER is the tool that helped me and my team hit the million dollar level and go to the top of the company. We were “millionaires in the making” because we managed the profits every month using this important tool.
Manage your own profit path and get the DIRECT SALES PLANNER now! It’s 20% off this month!
Use the code DSP10 and manage your own profit path for the rest of 2016
Need help developing a savings plan? Schedule a 30 minute complimentary strategy session and let’s find an answer for you. Email mymentorbiz@gmail.com today!
If you’re ready to start a summer savings program, comment on my Facebook page or instagram
Don’t forget to comment below how these daily blogs are helping you stay focused with your business over the summer.
Tomorrow’s post will help you travel the world!
