169: How to Identify Where Your Money Is Coming From (So You Can Make More of It)
Description
Where does your revenue actually come from… and how can you make more? In this episode, we’re diving into the key data analytics I use to track revenue streams, the crucial questions I ask to interpret the numbers, and real-life examples of how I’ve applied these strategies at Young and Co. I’ll also break down how tools like ChatGPT and the Pareto principle can make this process easier and more effective. If you’re ready to focus on the true revenue drivers for your business, this episode is for you!💰What’s your next step to growing your business, profits, and wealth? Book your free Financial Health Assessment 1:1 with me to uncover your next step and take empowered action! http://trustyoungco.com/financialhealth
Resources mentioned:
Watch Episode 125: The Weekly Planning Routine That Supports My Business & Personal Life
In this episode, I cover:
0:00 Focusing on the money-makers and avoiding shiny object syndrome
1:40 Why profitability is more important than revenue
3:04 Step 1: Looking at your sales records in your accounting system
5:00 Step 2: Calculating the profitability of each offer
8:11 Step 3: Gathering sales data on revenue vs. profitability for each offer
9:41 Implementing the 80/20 to make more money
12:37 Your action items for this week
I’m Sarah Young - an entrepreneur, investor, and millionaire mentor for female founders! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, in addition to building my own successful agency, and I started the Profit + Prosper podcast to help you do the same.
Profit + Prosper will help you make more money, save more money, and set yourself up to retire early while upgrading your life - all in a way that’s fun and empowering. In each episode, I’ll share tactical, strategic, and mindset tips to grow your business, increase your profit, and truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
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