One of my favorite sayings about running a small
business is, “If your small business isn’t making sales, you’re
simply funding an expensive hobby.” This is why learning how to
generate consistent revenue in your online business is such an
important skill to develop from the start.
To be a human being is to experience emotions and
feelings.
To be a business owner is to balance feelings with
data.
Many a startup have failed because the founder’s
“feelings” and “instincts” didn’t match up with the reality of what
the market was telling them (the data).
If you have any hopes of growing your online business,
then you’re going to need other people to help you get
there.
For most online entrepreneurs, contractors are a great
starting point to get the support they need, but as their business
grows and scales, hiring employees becomes a necessary next step. I
think it’s...
One of the most important things any business needs to
get right, and sooner rather than later, is pricing. While a
lot of business coaches tell you to “price what you’re worth!”,
it’s not always that straightforward.
How you price your offers needs to not only reflect the
value your offer provides but the way...
When entrepreneurs run into profitability issues in
their online businesses, their immediate response is to cut back on
expenses.
However, while cutting back on expenses might be part
of the solution, it’s not always going to fix your problems.
Balancing your expenses relative to your revenue is often a
delicate...