Navigating lumpy income: practical tips for business owners

Secrets of Successful Business Podcast

Secrets of Successful Business Podcast
Navigating lumpy income: practical tips for business owners
Aug 08, 2023 Season 5 Episode 112
Justine McLean

Send us a text

Ever wrestled with the unpredictability of your business income? In this episode, we're going to up your financial game plan with strategies to manage lumpy income and navigate through this often overwhelming hurdle. 

Let's unravel the strategies to create a financially stable business, even when your income swings like a pendulum. We'll take you on a journey through cash flow issues, budgeting strategies, and even guide you on managing income during product launches, client interactions, and economic downturns. 

Craving a safety net for your business in the lean months? We're going to build it together! This episode is all about cash flow forecasts and the creation of that vital emergency fund. We'll arm you with strategies to address cash flow gaps, anticipate future bills and taxes, and prepare for unexpected income recessions. You'll learn the art of diversifying income streams, tweaking prices to counter seasonality, and the right way to invoice. Also, we're throwing in some sure-fire marketing tactics to widen your customer base and maximize profits. Are you ready to gain control of your financial stability? Let's dive in!

Support the show


This episode is brought to you by Become A Business Money Magnet - Simple habits to manage your money and supercharge your profits!

Want 30 Ways to Save Money in your Business?
Download the guide here.

Need a business finance coach or want to get your pricing sorted?
Book a Strategy Call NOW.
Join the conversation

Connect with Justine:
Instagram
Facebook
LinkedIn
Website

Discover the
Secrets of Successful Business Facebook page
Follow Justine on Instagram
@flossifiles or @secretsofsuccessfulbusiness

Host: Justine McLean – Flossi Creative
Producer: Leah Stanistreet –
Snappystre...