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Profit Is The New Black | Shontaye Hawkins

Business Coach | Speaker | Author

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Top Money Struggle of Entrepreneurs and Business Owners

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Top Money StruggleA couple of weeks ago, I conducted a survey because I wanted to know what entrepreneurs struggle with the most in the business.

I asked the participants one question – What’s the #1 issue you’re having right now with profit, revenue or cash flow in your business?

And here’s the verdict…

28.6% said Cash Flow – which includes revenue and profit challenges.

21.4% said Pricing

21.4% said Other – which includes mindset, action, balance and other areas of personal development.

17.9% said Marketing

10.7% said Sales

Because I get totally excited about the numbers I noticed that cash flow and pricing combined, accounts for 50% of the challenges that business owners are facing.

Below are some ways to fix the challenges as it relates to cash flow and pricing:

  1. Know, track and monitor your numbers monthly
  2. Identify your cost of doing business so you can price your products and services accordingly.
  3. Market your business consistently – online and offline.
  4. Pick up the phone and share your business with your network. Stop waiting for a website or business card design to be finished before you share what you do.
  5. Don’t be a business card collector be a connector and solution provider.

What’s your #1 issue as it relates to cash flow, revenue and profit in your business?

 

Filed Under: Blog, Entrepreneurs Tagged With: boost profits, cash flow, grow business, make money, profits, revenue

About Shontaye

Bottom Line Strategist™ Shontaye Hawkins uses her extensive finance background and ability to “see through the numbers” to get your Profit Game Plan for success. If you’re ready to eliminate money leaks, create your very own profit strategy - based on YOUR goals - and achieve growth + profit for MEGA results, then Shontaye has exactly what you need. To get your FREE audio gift and receive Shontaye’s weekly newsletter filled with profit tips and strategies, follow the link and enter your name and email address to receive your instant audio download.
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