A Simple Formula to Plan Your Agency's Growth Budget

Written By Koddo & Co.
 

Wondering how much you could spend on overhead vs. your direct costs if you hit a certain revenue goal?

This is an exercise I've done with many people in the last few weeks.

It's based on setting a:

  • revenue goal

  • profit goal

Then tells you how much you could spend on:

  • Direct costs

  • Sales

  • Marketing

  • Finance/accounting

  • HR

  • Operations

This exercise tells us what you could potentially have to spend, but remember that the numbers it spits out need to then be taken and worked back into realistic numbers (as explained in the video).

Want to customize this for your business? Let’s talk!

 
Koddo & Co.

Jacinthe Koddo is a CFO advisor and co-founder of Propela, a bookkeeping and cash flow management firm for service-based businesses. A former interior designer who learned finance the hard way, Jacinthe now helps business owners who don't consider themselves "numbers people" gain financial clarity. Through Koddo & Co., she provides strategic financial advisory to help owners transform their businesses from sources of stress into vehicles for wealth creation. Propela's services simplify bookkeeping, payroll and sales tax, empowering owners to grow confidently and pay themselves more. Find out more at propela.ca and koddoandco.com.

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