🪄Magically Thriving Business💸: The Secret to Unlocking Next Year's Profit Isn't What You Think. Hint: It's Not About Setting New Goals - 17-Nov-2024
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The Secret to Unlocking Next Year's Profit Isn't What You Think. Hint: It's Not About Setting New Goals
In this week's article, I tackled another question I get frequently, "Am I the wrong age to start a business?". If you know someone who is thinking about starting a business, or has always wanted to, but they haven't taken the leap, forward this article to them. It might just be the nudge they need to change their life.
I've been thinking a lot about questions today. The questions I get asked, the questions I should get asked but don't, and questions that keep us awake at night and it has me questioning - "Am I giving you what you need to succeed?"
You're still subscribed, so I'm going to hope the answer is at least a partial yes. But, like any good business owner, a question we should periodically ask, and maybe don't ask often enough is…
"Can I, should I be doing anything better?"
Having an attitude of continuous improvement is a critical piece to building a successful business that can weather the storms and stay strong over the long run, because contrary to popular belief…
The longer you're in business the higher your risk of going out-of-business!
As we head into year end, now is the time of year that you should be laying out your plans for next year. I'm sure I'll talk more about annual business planning over the next several weeks, but make sure that you ask, not just "What new goal do I want to achieve next year?", but also,
"How can I improve on what I'm already doing?"
Because one of the best ways to maximize your revenue is to look inside, not outside. A 20% cost reduction equals a 40% increase in Net Profit!
So, as I look inside my own business to make plans for next year, and assess what stays, what goes, and what newness should I embrace, I ask for your input…
"Am I giving you what you need to succeed?"
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Write Like You’re Running Out of Time…
More from me this week…
Offering a free lead magnet is often one of the fastest ways to drive traffic.
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Setup and maintain social media profiles and online business listings in places like Google My Business and Yelp.
Update all profiles regularly to ensure the information is complete and accurate.
Work into …
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That depends on if the business you want is geographically bound. For example, a plumber needs business within a specific geographic area, so local SEO is critical to generating leads for that business. Local SEO will help
What are some creative ways to increase revenue and drive sales in a restaurant?
Here are some creative strategies to increase revenue and drive sales in a restaurant:
Seasonal or Limited-Time Offers: Introduce seasonal dishes or limited-time menu items to create urgency and encourage repeat visits.
Upselling & Cross-Selling: Train staff to suggest appetizers, drinks, and desserts that complement main dishes.
Partnerships: Collaborate with local businesses, schools, or community organizations for mutual promotions.
You can find over 20 more ideas in my article “From Plates to Profits: Creative Ways to Drive Restaurant Revenue”
In marketing, it’s all about how you say it. Having 100 loyal and enthusiastic followers is far better than having 100,000 followers who don’t care about you. It’s much easier to …
Stay Magical,
Cheryl
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