EPISODE 97 : Stop the cash bleeding out of your business

I remember once being told that “Failure is an inescapable part of life and a critically important part of any successful life”. Throughout everything I have ever done in my life, I refuse to accept failure as something that is final, but rather something that has a lesson to be learned. And if I’m being totally honest, I don’t like the term failure … it leaves such a bad taste in ones mouth, but more importantly it forces people to make irrational decisions that come with some pretty hefty consequences.

As a financial coach, I see this more often than I’d like to, business owners refusing to understand how to identify when it’s time to move on because it’s not working. They’d rather dig a greater hole, and lose more money, than accept that it’s time to move on. And not moving on isn’t failing, it’s just a bad business decision. 

So here is the thing … if a product, service or even business isn’t converting your products or service into cash that effectively sustains the running of your business without you having to continuously pour additional money into it … you need to either, as they say, shit or get off the pot.

If you can’t figure it out, don’t want to figure it out, refuse to figure it out … at least know when to call it a day. Because you will be bleeding cash if it’s not done right. And losing cash in this economy just ain’t going to be fun my friend! And certainly not when you have a real opportunity to make a change to improve your situation for the better. Let's chat about this. A x

 

If you'd like to find out more about my Small Business Pricing Course, simply email amy@amybajada.com

Other relevant resources ...  FREE Download : The elements of a successful pricing strategy : www.amybajada.com.au/pricing