Ep. 2 How much do I need to make in sales in order to pay myself? {Sales to Salary Calculator}
In episode 2 of the Savvy Shopkeeper Retail podcast, I want retailers to have eyes wide open about this topic. If you have a salary goal as a retail store owner, use my sales to salary calculator to determine what you may need to generate in retail sales in order to hit your goal.
Retail business owners, especially with brick and mortar stores, often underestimate how quickly margins can be eaten up by expenses and overhead. However, it is absolutely possible to have a profitable retail business that PAYS you too!
In this episode, I go over these things:
- How to start small with income expectations and stay consistent to grow them
- What you need to sell to reach your income goal
- The Sales to Salary calculator – sign up below to get access to the calculator:
Until the next episode, be savvy and boss up!
Links to articles or resources mentioned in Episode #2:
Hi Kathy! My name is Hannah and I just opened a small houseplant shop called Idyll Mercantile in Santa Barbara, California in February of this year (feb 2021!) I have been going FULL speed ahead as a solo business owner, and being able to slow down and listen to your podcast has given me the reassurance and guidance I’ve needed, but haven’t yet been able to afford via one on one business consulting. You have by default become a walking buddy, a morning coffee friend, and a much needed voice in my life. I love your podcast so much I started at the beginning and am already moving on to episode 12. Just wanted to pop on and say thank you. Your time and effort on this podcast means SO much.
-Hannah
P.s. this is officially the first review I have ever left! I love you that much!
Hannah, I know I messaged you on Instagram but I want to thank you again for your kind words. I’m so glad you found the podcast and I hope you continue to find it helpful! -Kathy