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.

Let's connect:

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

entrepreneurship, low revenue, financial clarity, mindset, networking, client relationships, business expenses, revenue streams, financial coaching, personal finance