Many of us have “blind spots” that prevent us from seeing why we aren’t making money in our businesses.
If you’re feeling confused about why your revenue isn’t stacking up quite yet, don’t sweat it.
In this post, I spill the tea on 3 common reasons why your cash flow might be playing hard to get!
Reason #1: You don’t have a revenue goal that makes sense.
It’s really hard to reach your revenue goal when you haven’t actually defined what it is. I teach my clients to get crystal clear on how much money they want to make for the year and then break it down month by month. In addition, your revenue goal should be based on your past performance, your future projections and what feels “doable” for you vs. impossible to achieve. Successful entrepreneurs have specific revenue goals and then reverse-engineer their marketing and sales strategy to make sure they achieve them!
Reason #2: You don’t have a plan that is aligned with your revenue goal.
When many of my clients first come to me, they have a false belief they are going to be able to make 10K per month by selling low-end offers to a small audience. But the reality is that if you want to earn that kind of money, you have to craft a detailed annual, monthly and weekly plan to ensure that you’re selling the right offers at the right price to the right audience with the right marketing strategy and the right sales process.
Reason #3: You don’t have accountability to help you execute your plan.
Even when you have a plan, it’s still not easy to reach your revenue goal. If it were easy, everyone would be doing it, right? The plan needs to be executed consistently so you can see results month after month. Which is why it’s so important to have the right training, coaching and support structures in place. Since my first 6-figure year in 2014, I’ve had access to masterminds, events, mentors and coaching to help me take action every month and adjust my plan when things are not working.
Want to Work with Me to Grow Your Business?
Join me at my next 6-Figure Queen® Virtual 3-Day Boot Camp! This is my signature LIVE virtual event for Black women coaches, consultants, course creators, service providers and experts who are ready to turn their expertise into 6-figures in revenue – on their own terms.
It’s literally like taking a 3-day course to learn exactly how to build a 6-figure business. You’ll get massive clarity on what to sell, who to sell it to and how to sell it so that you can take your business from where it is now to where you want it to be. Plus, you’ll also get to meet and network with other Black women entrepreneurs just like you!
In just one weekend, you will learn a step-by-step blueprint that will show you exactly how to design (or redesign) your business so that you can not only generate your first or next $100K in revenue, but set your business up to ultimately pay yourself a 6-figure salary and fund your ideal lifestyle.
Click here to learn more and register: 6figurequeen.com