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Freelance to Founder
[Q&A] Predicting Income
Jun 18, 2024
In this podcast, the hosts discuss the challenges of revenue forecasting for freelancers and agency builders. They provide insights on setting up sales projections, strategic revenue planning formulas, key factors for predicting income, and comparing Notion to spreadsheets for income forecasting tools.
18:26
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Quick takeaways
- Utilize Google Sheets to project revenue by creating a profit and loss statement-like setup with basic formulas for estimating sales.
- Reverse engineer annual revenue targets by determining new clients needed, average order value, and lead conversion rate for financial goal clarity.
Deep dives
Forecasting Revenue with Google Sheets
Using Google Sheets allows for projecting revenue by creating a profit and loss statement-like setup listing products sold, monthly projections, and basic formulas to estimate sales. By starting with the current monthly recurring revenue (MRR) and adding projected sales, a straightforward projection over several months can be achieved.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode