115. Facing A Revenue Dip? Here's My Strategies For Management, Stabilisation & Bouncing Back

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Honest Business

May James

132 episodes

2 days ago

The Honest Business podcast is here to give you advanced business strategy and the inside know-how for business owners who are scaling rapidly with strong, value-driven businesses. Hosted by May James, Multiple Business Owner, Growth Strategist and Global Business Consultant. May is known for her unfiltered, honest approach to business and leadership; giving you the real 101 on a variety of high level business topics, so that you can make use of the time you invest whilst listening and see results, fast.

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115. Facing A Revenue Dip? Here's My Strategies For Management, Stabilisation & Bouncing Back

Honest Business

18 minutes 53 seconds

1 year ago

115. Facing A Revenue Dip? Here's My Strategies For Management, Stabilisation & Bouncing Back

Have you faced a dip in revenue and wondered how to stay afloat? Today I am going to be exploring strategies for navigating financial downturns.

In this episode I talk about keeping a positive mindset, managing your cash flow, and reducing costs effectively. Plus I share common causes of revenue dips, like market shifts and personal decisions, and highlight niche opportunities and supplier negotiations as potential solutions.

Addressing the stigma around earning less, this episode is to reassure you that it doesn't reflect your abilities. Tune in and embrace this period as an opportunity for growth and transformation.

Resources Mentioned:

Business Refresh Workbook https://mayjames.com/refreshworkbook

Key points in this episode:

Owning the season of making less money (02:31)

Assessing the reasons for income dip (04:04)

Finding opportunities (07:12)

Evaluating expenses, cutting costs, and negotiating terms (08:22)

Strategies to implement (12:14)

Connect with May on...

Instagram https://www.instagram.com/may.james_/

LinkedIn https://www.linkedin.com/in/maylaurajames/

Website https://www.mayjames.com