The Money Podcast 10 Ways to Breakthrough Your Business Income Ceilings
Have you reached a point in your business journey that you can’t quite overcome? Hit a barrier you think is impossible to get over? Today, Rob takes us through the 10 ways to break through your business ceilings. From creating new leads, partnerships, and products, to working smarter and not harder.
KEY TAKEAWAYS
- Create multiple streams of leads.
If you have one lead source, you risk disruption. You need to not be over-reliant on one lead source. Multiple streams of leads mean multiple streams of income. Generate multiple leads and income by leveraging social media, advertising, and collaborations.
- Focus on marketing
Marketing is the single most important function of any business. If you do not focus on marketing for at least half your time then you are not going to grow your leads, clients or revenue.
- Hire more revenue-generating staff.
These people may include, marketing people, salespeople or affiliates. The more revenue-generating staff that you have means the more revenue you have.
- Get a mentor who’s broken through the ceiling you’re hitting in your business.
Talk to them to find out how they overcame this, the mistakes that they made, what you could leverage that they also have done.
- Work smarter not harder.
Sometimes you may think that the harder you work, the better it will be. However, sometimes, this is not the case as it could cause you to burnout, push partnerships away or lose consistency. Therefore work smarter by leveraging before you manage, manage before you do, think rather than hustle and plan.
- Admin support.
If you are spending a large proportion of your time doing admin what you cannot then do is focusing on key life areas or income-generating tasks. Admin is required, however, it doesn’t mean it is required by you, get a PA and outsource the admin so that you can focus on the income-generating tasks.
- Leverage.
Leverage social media platforms, staff, systems, mentors and social media. By leveraging your social media platforms you are able to reach a huge amount of people over time after building up a following, making it hugely profitable since at the moment all social media is free.
- Collaborations and joint ventures.
Collaborate with somebody that has an existing brand and existing customers and you can gain exponential growth from that partnership.
- Create a new product.
Could you do something different? Could you give your existing customers a new product? Could you create a more improved version of your product or service?
- Master your emotions.
Manage your emotions by not taking rejection badly, not lashing out when things don’t go as you hoped. Get back up after a fall and do not let your confidence be hit. These are all sorts of things that you need to be able to do to master your emotions. To do this you need to have a word with yourself, breathe it out and move on from it.
BEST MOMENTS
- “Learn from the mistakes of others and not yourself”
- “If you put your life into context then your challenges are not as bad”
- “Not enough people focus enough on marketing”
VALUABLE RESOURCES
https://robmoore.com/
ABOUT THE HOST
Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” and “The Money Podcast” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.
“If you don't risk anything, you risk everything”
CONTACT METHOD
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