You're advising a founder on revenue diversification. How can you make them see its importance?
Convincing a founder of the need for revenue diversification is about highlighting its role in stabilizing and growing the business. Here's how to drive the point home:
- Illustrate risks of over-reliance on one revenue stream with real-world examples of market shifts impacting similar businesses.
- Show historical data of diversified companies withstanding economic downturns better than their non-diversified counterparts.
- Discuss potential new revenue streams tailored to their business, emphasizing long-term benefits over short-term efforts.
How do you communicate the importance of revenue diversification to decision-makers?
You're advising a founder on revenue diversification. How can you make them see its importance?
Convincing a founder of the need for revenue diversification is about highlighting its role in stabilizing and growing the business. Here's how to drive the point home:
- Illustrate risks of over-reliance on one revenue stream with real-world examples of market shifts impacting similar businesses.
- Show historical data of diversified companies withstanding economic downturns better than their non-diversified counterparts.
- Discuss potential new revenue streams tailored to their business, emphasizing long-term benefits over short-term efforts.
How do you communicate the importance of revenue diversification to decision-makers?
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