For entrepreneurs, November is the time to start thinking about business strategies for the new year. So, in this episode of The WealthBuilders Podcast, Karen Conrad covers 6 revenue streams for a profitable business in 2023. You all learn how to determine which revenue streams are accelerating, decelerating, and tanking, plus how to think creatively about forming new ones.
Listen to the corresponding episode of The WealthBuilders Podcast here.
6 Revenue Streams for a Profitable 2023
1. Leverage Current Assets: What assets do you have that have revenue potential today? Sometimes we have assets that are just sitting around idly. If we thought about it, we could actually apply a revenue stream.
2. Contract vs. Full-Time Employees: What expenses in team members can you leverage?
3. Maximize Current Products and Services: What do you currently offer that can be leveraged through adding channels to your offering?
4. Training or Coaching: Can you create training from your daily activities?
5. Books and Literature: What do you do that could provide good content for books or other forms of literature?
6. Conferences and Events: Does your team or network have expertise that could provide great content for a conference or workshop?
