Doc Williams: all right, so the first step that we're gonna be doing is very simple and people are like, why are we going back to the beginning? It's really important that we first Id your goals, that's so important.
So then we can reverse engineer to figure out how much you need to make, right? Because if this is going to be a community business that is gonna be profitable, that's gonna be something that you can have long term. We've gotta make the numbers work. So this is not to just be like, ah, doc, he's always talking about money.
Like, I can't believe this is happening. No, we want this to be profitable and for this to be a community business that you can have long term. And so it has to be profitable for you to make this work. So the first thing is you can write down in the chat or make sure that you have it on a piece of paper or in a notion doc, whatever it is.
Start writing down what does the revenue, revenue need to look like for you personally? Okay. Once you write that down. We'll break down all the math in a second. I'll actually have a notion Doc to actually look at the math, but we've gotta, we've gotta decide, first of all are you looking to have the revenue be a hundred K in one year?
Is it going to be 60 K? Is it going to be 50? Make sure you write it down. The other thing that you're going to have to be looking at is, Thinking about where does it have to be the first year, third year, fifth year, right? So now we can actually scale, because a lot of people might say, well, I, I want it to be six figures right now.
Well, I also would like a pony right now. I, I would love a horse. It's possible, but we have to make sure where are we right now, because we could be making nothing right now. Or you could already be on your, you are already making a couple k a month with consulting, or you've thrown out pricing for your community.
So let's, let's break this down real quick. We're going to, I'm gonna stop sharing my screen for a second. I'm going to have a Notion doc, and we're going to actually do this section just briefly together so we have some rough numbers so we make sure that it could work for you. Right? So let's, if we're looking at pricing tier first, we're gonna Id rev, right?
If we look at, okay, I wanna do a hundred k a year, something like that. Next, what we're going to be looking at is around right, 10 K per month. Rough math. And they'll be like, wait a minute, that's 120 year. I'm talking about taxes. You gotta come on taxes, y'all for the U.S.. Come on. You got, you're gonna have to report it or they'll get it anyway.
So if we look at $10k per month, right? Now we're hitting around $100k mark. If we're hitting, we're looking for $50k. Right? $50k. We're gonna be looking at 5K per month, roughly, right? So now we can start looking at realistic goals. What do we have to hit per month instead of that huge, big goal at the end of the year?
$100k. Let's just break it down month by month, right? Five K. Okay. Now this is gonna be really important because we're gonna get into a spot later on to kind of break down how much you need to be charging per member per month, but now we just have some ballpark numbers. Okay. All right. So now we got it.
Let me know in the chat if that makes sense. We're going in the right direction. Okay. Let me know and if it's another goal. Okay. Michael, I'm seeing. Yep. Okay, so now that we have that, let's go and do some more. Okay. Let's, let's present. Do some more right here. Okay. So now that we've id'd our goal and now we can move on to what's going on with your tribe.