House Cleaning Business - How To Plan Your Financial Targets
If you're wanting to take your house cleaning business very seriously and want to turn it into a highly profitable business, then ideally you should have written a detailed business plan before you started trading.
You'll need to write a business plan if you want to secure some funding from a bank or some other financial institution. However, here we'll discuss planning your financial targets.
#1 Plan backwards. So for example, if you want to turn over £50K in your first year, you'll have to plan backwards of how much you need to turnover each month.
#2 How to achieve this. You now have a monthly turnover figure in mind, so how are you going to achieve this? How many new customers do you need to recruit each month? Are you getting many cancellations? If so, why? How can you cut back on cancellations and gain more new happy paying customers?
#3 The service. Are your cleaners doing their upmost professional job? Are you recruiting new customers through word-of-mouth because your service is so good? If not, why not?
#4 Evaluating. After the first 4-6 months you need to sit down and re-evaluate your financial targets. Are you on target? Are you making the necessary monthly turnover to reach your £50K goal? If not, why not? What is working and what is not working?
Of course there are going to be slow periods within the year where people are not thinking of hiring cleaners or that money is tight (just before and after Christmas for example).
However, you always need to be one-step ahead of your competitors and are always thinking of new innovative ways to market your house cleaning business.
It is a case of constant monitoring, evaluating, assessing and taking action.
If you want to know how I ran my own house cleaning business then click the blue link.
If you want to know how I ran my own house cleaning business then click the blue link.
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