The solution to your problem: How to change the way you do business

Are you grappling with cash flow issues?

Well, this could be due to a disruption of clients’ spending habits. What they’re willing to spend their money on may have changed drastically and it’s likely that you didn’t see it coming. We all know the situation we find ourselves in (thanks, Corona). And it’s this very situation that’s screwing with your profit. 

What’s the solution? A change of mindset and a revamp of your business model. 

Disruption is around us, always. Whether it be in the form of new technologies or extra creative mindsets - no matter what industry you’re in, you’re bound to encounter it. The world as we know it has turned completely digital. This global lock down has forced many of us to rethink our business models. It’s not enough to just ‘hope for the best’. 

This means that now we need to look at creating sustainable models that will bring in recurring and regular income.Get this right, and the cash will flow. Without cash flow, your business will not survive. If you’re not cultivating new ways of doing business or new ways of thinking - you’ll become part of that group that was ‘left behind’. 

So, In a nutshell, there’s one major factor at stake here and that’s a revenue model. But, not just any revenue model - a sticky one. 

To unlock your revenue using a sticky revenue model, you need to take action. 

While this revenue may have a lower value than your normal fee structure, it’ll sure last longer. The way some consumers behave is transnational and sporadic and this doesn’t contribute much to a steady cash flow - especially if we’re thinking long-term. If you’re trapped in a whirlwind where you’re not getting any regular income, a sticky revenue model may have been the one thing saving your business right now. 

3 top forms of recurring or sticky revenue:

1. Customer retention

2. Subscription based models

3. Renewable sales

Building a sticky revenue model is about building a platform for sustainable growth and predictable long-term revenue. It’s about retained service overcoming cash flow uncertainties. 

If a change is needed for your business, get in touch and let’s get sticky about your revenues going forward, and create a business model for your future. 

There is no single solution for businesses struggling to get off the ground or those “stuck” and unable to capitalise on their vision of success.