Episode 39 – $40,000 in Average Monthly Business Expenses Revealed & Explained

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Episode 39 – $40,000 in Average Monthly Business Expenses Revealed & Explained
April 13, 2020
Key Takeaways To Tune In For
  • [06:02] Our team’s favorite tools to keep track of our business expenses and revenue
  • [06:13] How my money journey started & how much I got paid as a Virtual Assistant working online
  • [08:39] How much money I was making every single month in 2017
  • [09:28] How much money my business brought in in 2018 & where it came from
  • [10:41] The big decision I was faced with: 90 Day VA vs. my successful course agency
  • [13:54] How much our business spends monthly on advertising & marketing
  • [15:27] How much our business spends monthly on technology & software
  • [15:47] How much our health insurance is monthly
  • [16:22] A surprising fee that cost us on average $3,000 a month
  • [17:16] Breakdown of who’s on my team & how much they cost
  • [19:05] Where our extra money goes to as a business
  • [20:05] Why we truly can’t reduce the price of 90 Day VA
  • [21:20] The additional % that we distribute our revenue to every month
  • [22:04] How much we give monthly to charity as a business
  • [28:29] How much we put aside monthly for a future team retreat
  • [30:02] How much we set aside for taxes & profit monthly
  • [32:19] What I spend my quarterly profit distributions on
  • [33:34] Additional miscellaneous business expenses that our business incurs
  • [36:01] Our monthly average business expenses totaled up
  • [36:44] How this entire online business journey began & how it unraveled

 

In this episode, I share ALL the numbers behind the VAI business especially the expenses and where all the money goes to, to help run this machine. So if you’re curious about how much it really takes to pay our team, our advertising, our technology tools, and more… press play on the episode above!

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