114: Increase Your Profit with Monthly Recurring Revenue + Getting Real About Struggles in My Business | High Profit Society Pt. 2
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Confession: I’ve been taking MRRs for granted. No, not Master Resale Rights (we are anti-fad business practices over here!), but Monthly Recurring Revenue. More consistent income is a game changer when it comes to increasing your profits, lowering how many people you have to reach every month to make sales, and ensuring less variation in your monthly revenue so you can make big moves in your business. Plus, I share a little behind-the-scenes of a recent challenge in my business that was a light bulb moment for me and the inspiration for this episode!
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Resources mentioned:
In this episode, you’ll learn:
- 0:00 How my recent business struggles inspired this topic
- 6:13 Minimizing cash flow fluctuations in your business
- 12:16 Ways to implement MRR into your business
- 16:36 My personal game plan to pivot our new firm from hourly billing to MRR
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I’m Sarah Young - an entrepreneur, investor, and millionaire mentor for female founders! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, in addition to building my own successful agency, and I started the Profit + Prosper podcast to help you do the same.
Profit + Prosper will help you make more money, save more money, and set yourself up to retire early while upgrading your life - all in a way that’s fun and empowering. In each episode, I’ll share tactical, strategic, and mindset tips to grow your business, increase your profit, and truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
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