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20: 3 Things You MUST Know About Business Revenue
Manage episode 476032364 series 3556797
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In this episode of Harmonious Wealth, Iyanna Vaughn discusses the importance of understanding revenue fluctuations in business. She emphasizes the need for financial clarity and tracking revenue effectively to achieve business goals. The conversation covers categorizing revenue for better insights, managing seasonality, and taking control of cashflow to avoid surprises. Vaughn provides actionable steps for business owners to connect with their numbers and optimize their financial strategies.
Takeaways
- The problem isn't just the fluctuations, it's the disconnect from your numbers.
- Understanding how to connect with your numbers is vital for business growth.
- You need to track your revenue to gauge performance accurately.
- Categorizing revenue helps in assessing business performance effectively.
- Identifying revenue drivers allows for better financial decision-making.
- Measuring revenue against goals helps in identifying areas for improvement.
- Understanding seasonality can reduce overwhelm in business management.
- Making decisions based on emotions can negatively impact finances.
- Planning for seasonal dips can help maintain consistent cashflow.
- Taking control of cashflow is essential for business success.
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Email: https://lovelyfinancials.com/wealth
Website: https://lovelyfinancials.com
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