How is my Challenge, from 0 to 1 million in 12 months, doing?
July 16, 2011, I started a challenge for myself to get 1 million in 12 months. We are now 3,5 months further, so only 8,5 months to go. This is a status update. Where am I? How is the challenge going? Shall I make it or not?
First some calculations
To reach a turn over of 1 million a year, that is 83.333,33 a month, or 27.39,72 a day. Huge numbers, knowing many people have to survive with only a few dollars, or euro,…
Average money spent in the spa by customer is around chf 100, a premium contract with yabbedoo is around 150. Meaning I need around 22 customers a day. Almost 1 customer an hour, 24 times a day.
Where am I? The good news is that the Yabbedoo SA has been created in Geneva and the Spa is running and I make profit. Cashflow in the spa is good, updating the cashflow decission for Yabbedoo right now to guarantee that is keeps stable and growing in the following months, the statistics are all growing.
So a lot of good news, seems I have a success stroy……but we I am not reaching the foreseen turn over a month. Thhis means that every month I am under the 83.333 I need to have a month that makes more turnover. The longer I wait to reach the turnover by month, the more successfull the next months has to be.
What did I learn: It is clear that a simple calculation by month is not the right one. If I would know I can do 83.333,33 a month for sure it wouldn’t be a challenge. I started from ZERO. So a more accurate graphic would be, first months slow, then growth growth and then reaching the goal.
I also learned that Cashflow is one of the most important keys to reach the goal. I had many discussion in the Spa about cash flow, the same discussions are going on with Yabbedoo. Cashflow can make or destry your company, it is even more important than the profit.
Anyway, the following months I want to see changes, and you will changes too, The previous month I was working hard on talking about our products and services to future clients. VISIBILITY was the key word. The following 2 months I will concentrate on closing down contracts, attracting more customers, lets call the new keyword SALES
Will I reach my goal, to win the challenge?
I am still confident I am, I have a great team, I have 2 companies set up, future clients are positive etc. Looking to the numbers alone from the previous month you should become depressive, but knowing that reaching a goal is not realting on the past, it is also the present and having a realistic viey on the future
Anyone out there who want to enter the challenge? I can set up a leatherboard, showing the world where we are etc? Commom, don’t be afraid 
Or maybe I can ask you a favor….. How can you help me to reach my goal? Any ideas, any recommendations, any collaborations?
2 Responses to “How is my Challenge, from 0 to 1 million in 12 months, doing?”
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- - October 26, 2011
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I am very confident on your abilities. One idea is to sell your stuff to investors, more money, more Spa, more Spa, more clients, more money.
By the way I didn’t see your ads on the Geneva airport distributed by gorgeous students? Could be interesting for businessman having a couple of hours before NeXT flight?