Ever wanted to see the numbers behind a business? See em all here! We think it's fun to share what's going on financially and hear your thoughts. Click around and see how a given month went for us. We also have a plan to make ZappyCode grow. See that below.
Hey so this is Nick (Commander-in-Chief) and speaking. I've been working for myself for about 6 years, and something I've never been great at is putting money back into my business to help it grow. I'll spend money where I need to but when I have a chance to take CA$H home I usually do :) With ZappyCode, I really want to see it grow so I've set up a plan to help me learn how to put more money into growing things.
For 2020, I've set aside $14,000 to put in ZappyCode. Each month I have a predetermined amount of money to spend on things. In addition to the monthly money, all revenue will be going back into ZappyCode. That means that in 2020, i will make no money personally from Zappy Code.
The hope is that at the end of 2020, there will be enough revenue that I no longer have to be feeding money into ZappyCode to continue growth. Then starting in 2021, I'll slowly start taking some money home. My thought is each month I'll take home an additional 2% of revenue until I am at one point am taking home 50% of revenue. I hope long term to keep that ratio at 50% but we'll see where things go. This is all new to me and I'd love to hear from you. Tweet @ZappyCode any thoughts or ideas you have on how to improve the business side of ZappyCode.