Being Booked Out Doesn't Mean You're Making Money

We’re sold the idea that a full client roster is the measure of success. But a full calendar and a profitable business aren’t the same thing. You’ve got a full load of clients and a waitlist at least three months long. You’re sending out invoices, got back-to-back calls. 

And still you’re wondering where all the money is. 

Being booked out means your time is spoken for. But it doesn’t guarantee that the work you’re doing is paying you what it should.

A Full Calendar Is Not the Same as a Profitable Business

How good does it feel to see a waitlist of clients ready to work with you? Pretty damn awesome. A full calendar is visible and it’s validating. It means people want to work with you.But it doesn’t tell you whether the work you’re actually doing is worth what it’s costing you. 

We assume if we get more clients, the money will follow. 

But if all the numbers aren’t working, more clients means more headaches and still worrying about money.

The Numbers I Needed

Several years ago, I had a full roster of clients as a VA. And I was still struggling to make ends meet. 

There was no way to add more clients without working 90 hours a week, sacrificing my gym and social time, and pretending like sleep was optional. 

I sat down and did the math. I looked at the obvious numbers - hours worked and revenue. But there wasn’t an answer there. 

What I needed to look at was all the quick emails I was responding to without tracking the time it took. Or the quick edits to a document. Or the number of last minute requests that were an EMERGENCY. Or the emotional labor of waiting for a client to unpause her support. I also needed to look at what each offer actually required in terms of marketing hours and dollars, software costs, admin time, etc.When I looked at all that data, the patterns became clear and it became obvious why I felt burnout and broke.

I needed to see all those numbers in order to move toward a more profitable business.

Awareness Is Where You Start 

Once I did all that math I could stay close to the data. And that meant I wasn’t just guessing when I made decisions - on offers, pricing, what clients to take on, what red flags to look for, what my actual capacity was. With those numbers right there (in my face so to speak) every decision that followed was clearer.It wasn’t adopting a new CRM or hiring someone I wasn’t ready for. It was seeing the full picture clearly enough that I could make better decisions.

If that feeling of "I'm working constantly and my bank account doesn't reflect it" sounds familiar, we can find the answer in the data. 

That data is telling a story and the question is whether you're looking at enough of the picture to know what it's pointing at.

If you want to look at what your data is actually telling you — the numbers and what's underneath them — that's exactly what an S.O.S. Session gets into.

Like this post? Subscribe to my email list for more

Ready to look at what your data is actually telling you? Learn more about the S.O.S. Session.

Next
Next

Why Does Scope Creep Keep Happening to Me?