Navigating Low Revenue: Strategies for Adjusting to a Business Income Drop (Ep 54)
In this Mind + Money podcast episode, hosts Sherry and Val discuss the challenges entrepreneurs face when revenue is low.
They explore strategies for increasing income, managing expenses, and maintaining a positive mindset. The conversation emphasizes the importance of financial clarity, networking, and proactive client engagement to navigate tough financial times effectively.
Key takeaways:
Entrepreneurs must manage their income and expenses.
Focus on increasing revenue and decreasing unnecessary costs.
Mindset plays a crucial role in financial health.
Investing time in financial systems can lead to more revenue.
Networking and conversations are key to client acquisition.
Evaluate where clients come from to focus marketing efforts.
Set goals for the number of conversations, not just sales.
Consistency in social media can help maintain visibility.
Getting uncomfortable in networking can lead to new opportunities.
Connect with us:
Book a free call with Val (financial planner): https://calendly.com/valerie-stratford
Book a free call with Sherry (financial coach): https://app.acuityscheduling.com/schedule.php?owner=17480698&appointmentType=25737393
Val’s Instagram: http://www.instagram.com/you.me.and.money
Sherry’s Instagram: http://www.instagram.com/moneymindsetfc
Podcast Instagram: http://www.instagram.com/mind.money.adhd.podcast
Sherry’s TikTok: https://www.tiktok.com/@moneymindsetcoaching
Key words: self-employment, financial planning, entrepreneurship, side hustle, business expenses, income stability, ADHD, financial coach, business strategy, personal finance
