The Blog

Weekly updates, info, and practical advice for business owners and entrepreneurs.

Let's talk about running a sustainable biz
Tanya Budd Tanya Budd

Let's talk about running a sustainable biz

My guess/hope is that I could say to you,

โ€œIf you earned $10,000 of revenue tomorrow, how much of that would end up in your pocket?โ€

If you run a service-based biz, Iโ€™d guess this number is $2-3k (20-30%). 

Thatโ€™s normal for most professional services firms - lawyers, interior designers, marketing agencies, accountants, doctors, physiotherapists, etc.

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My client brought in nearly $40k of new work in our first few weeks together
Tanya Budd Tanya Budd

My client brought in nearly $40k of new work in our first few weeks together

Iโ€™m going to tell you a story today about an incredible client of mine who came to me in the midst of some pretty big challenges - troubles making payroll, out-of-alignment clients, and a general feeling of overwhelm from managing her team -  and within a few WEEKS of her joining 7-Fig CEO, Iโ€™m excited to share that sheโ€™s brought in nearly $40k of NEW client work.

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When it's time to fire a client
Tanya Budd Tanya Budd

When it's time to fire a client

Real talk today, friends.  We've all had โ€œthat clientโ€ before: ๐Ÿ™ˆ๐Ÿ™ˆ๐Ÿ™ˆ

  • You have a full-body reaction when you see their name pop up in your email inbox;

  • They grind you on price, but always demand an extremely quick turnaround on your work product; and

  • They are so hard on your team that you often wonder if it's worth keeping them around (but they pay the billsโ€ฆ.).

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Itโ€™s Time!!!
Tanya Budd Tanya Budd

Itโ€™s Time!!!

๐Ÿ”ฅ๐Ÿ”ฅ A brand new way to work with me and my team is finally here!! ๐Ÿ‘๐Ÿป

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It's math time
Tanya Budd Tanya Budd

It's math time

If you care about things like:

  • If youโ€™re paying your technical team members too much or too little,

  • Who are your most profitable team members and who is a drain on your resources; and

  • If there is someone on your team that needs extra support or training;

Then youโ€™ll want to grab a Peach Tranquility tea and an almond croissant and listen up because today I want to talk about something that is very CPA-ish.

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How you run your biz when youโ€™re bringing in $500k a year wonโ€™t work for $2M+ revenue goals
Tanya Budd Tanya Budd

How you run your biz when youโ€™re bringing in $500k a year wonโ€™t work for $2M+ revenue goals

 I have this fabulous client in 7-Fig CEO.  We started working together last June and, I have to say, this working relationship has been wildly successful.  Let me share two of their wins:

  • HUGE revenue growth: year over year, this clientโ€™s revenues are up big time - they averaged about $195k/mo in each of Jan and Feb 2023, and this year, they are averaging about $250k per month.

  • Vacay time: one of the owners is taking a big, fancy cruise vacay soon and actually unplugging while sheโ€™s gone (aka not checking work emails or messages).  This is something that just wouldnโ€™t have been possible last year.

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Lessons from my    2,573km road trip
Tanya Budd Tanya Budd

Lessons from my 2,573km road trip

This past weekend, I drove from Windsor, Ontario to Saskatoon, Sask. 

It was a realllllllly long road trip - the longest Iโ€™ve ever takenโ€ฆ 2,573km to be exact.

And Iโ€™ll be the first to admit there was basically no pre-planning done for this trip. 

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Letโ€™s talk about my signature program:         The 7-Figure CEO.

Letโ€™s talk about my signature program: The 7-Figure CEO.

(and I also have a BIG win to share at the end)

I love love love this program. Why?

It works.

Time and again, Iโ€™ve seen this offer help my clients take their wildest biz dreams and break them down into manageable, bite-sized morsels that feel more like the obvious next steps instead of far-out wishes on a cheesy vision board.

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Should you say โ€œyesโ€ to that big investment??

Should you say โ€œyesโ€ to that big investment??

Iโ€™ve recently returned from a vegan wellness retreat in northern Ontario.

Yes, it was extremely woo-woo.

Yes, I came back with a new perspective on my life/biz.

And, yes, it was frickinโ€™ expensive.

When Iโ€™m shelling out thousands of dollars - whether in life or biz - I am always concerned about one thing:

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3 things you can do this January to set yourself up for a Financially Successful Year

3 things you can do this January to set yourself up for a Financially Successful Year

I want to talk to you about 3 things you and I can do this month to set ourselves up for a financially successful year.

Iโ€™m thinkingโ€ฆ taking home at least $10k/month, a biz generating at least $500k in revenue, increasing team wages, and taking a few nice trips..

And how is all this going to happen?? โžก๏ธโžก๏ธ

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How to tell if you're charging enough for your time

How to tell if you're charging enough for your time

Letโ€™s talk about something that matters if you are a service provider: your effective hourly rate.

Now, if you work with clients and bill by the hour, you might say - my hourly chargeout rate is $425 per hour. I know this. Why should I read on, Tanya?

Well, because I can say with absolute certainty that your effective hourly rate is much lower.

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How to prep MUCH better project fee quotes  

How to prep MUCH better project fee quotes  

What if youโ€™re trying to grow and scale your biz, but the amount you pay yourself each month seems to be shrinking?? ๐Ÿค”

And what if youโ€™re pouring employee hours and marketing dollars into a part of your business that nets you a profit margin of 5% when you could be focusing on the 30% margin activities instead? ๐Ÿคฆ๐Ÿผโ€โ™€๏ธ

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