***these numbers were submitted Oct of 2018***
Name: Jennifer Henderson
Type of business: Service
Industry: Wedding Planner
Business name: A Fresh Event
Number of years in business full-time? 1
Are you in a relationship that's financially supportive of you? Yes
If so, partner's annual income? $63,000
List all of the years you've been in business and your revenue (this is money in before expenses are taken out):
2017 - $64,770.00
2018 (YTD) - $81,711.00 (as of October 2018)
Average monthly revenue? $6,809
On average, what percentage of your revenue goes to expenses yearly? 30%
Average monthly expenses breakdown:
Advertising - $250
Food/Drink/Networking - $500
Assistants - $600
Transportation - $300
Webhosting - $10
Coaching - $200
Total: $1,860, 27% of average monthly revenue
What's been the best investment in your business? Networking
What's been the worst investment? Advertising
What percentage of your profit do you keep? 35%
Any other financial insights you would like to share? The saying that you adjust to your income is true -- just filling this out this survey made me realize that I should have a better handle on what is going out and being careful not to adjust to what the business brings in (be more wise in my decisions on what I invest into).
Thank you so much Jennifer for shedding some light on the money trajectory of a wedding planner in Chicago!
See the original post that sparked the money transparency revolution
Graphic illustrated by the amazing Elloise Mae Foster of Budget Bae, a talented muralist that has a passion for female financial literacy and we’re channelling our raging feminism in this series, just for you.
Want to join the revolution? Fill out this form and/or contact me - firstname.lastname@example.org
Currently seeking tech and product based businesses. If you’re service, would still love to hear from you! And if you’re a 9-5 but have a side hustle? Would love to have you too!