Financial and Lifestyle Freedom for UK Business Owners
Business:Management
Experiencing a plateau in business revenue can be a daunting and discouraging experience, particularly when it appears to be challenging to overcome. This is a common situation that many small business owners face, but the positive news is that there are effective approaches to break through these plateaus. As a business owner, it's critical to remain receptive to change and seek out strategies to overcome these challenges, which Annette will discuss in this episode.
Here are a few insights you’ll hear in today’s show…
The Six Steps to Break Through Your Revenue Plateau
- Step #1 - Revisit your revenue plan - Why do you need to reassess your business and profit plan?
- Step #2 - Diversify your revenue streams - What consideration do you need to check first before adding a new income stream to your business?
- Step #3 - Increase your marketing efforts - What are some of the marketing efforts that you can utilize to raise awareness for your brand?
- Step #4 - Improve your customer service - Why is it important to gather insights directly from your customers?
- Step#5 - Evaluate your pricing strategy - What different pricing options can you offer to your clients?
- Step #6 - Focus on operational efficiency - What are the ways by which you can improve your operational efficiency?
Resources:
- If you’re struggling to understand the accounting for your business, reach out to Annette at podcast@annetteandco.co.uk and join our Facebook group https://www.facebook.com/groups/915326342418247.
- To know more about financial and lifestyle freedom and if you wish to receive updates on all the workshops that will help you increase your profitability and freedom from your business, just head on over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
- Facebook - https://www.facebook.com/UKAnnetteFerguson/
- Instagram - https://www.instagram.com/annetteandco_/
- YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
- Listen to the Podcast - Financial and Lifestyle Freedom for UK Business Owners -
https://podcasts.apple.com/gb/podcast/financial-and-lifestyle-freedom-for-uk-business-owners/id1473582522
Why I created Financial and Lifestyle Freedom for UK Business Owners
Access to Your Information
Consistency VS Relentlessness
Why is Bartering Bad?
Pricing for Profitability
Methods of Pricing
A Client for Every Price
Push and Pause Seasons of Business
Refund Requests: How Do You Handle Them?
Is It Profitable to Hire Family or Friends?
6 Things You Should Always Have In Your Diary
Planning and Modeling on Team Growth
Monthly Planning
Not Just Tracking Your Own Data
7 Ways to Increase Profit
What is a Lifestyle Business?
Land Your Priorities
Avoid Becoming a Monster Business
Working Out Your Triggers
Mindset & Productivity Boundaries and How They Affect Your Profitability
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
HCI Leadership Revolution
Human Capital Leadership
The Power of Music Thinking
BusinessWISE
Business Wars