Peek into 8 Forbes Coaches' Profit-Boosting Tips

1. Adopt a growth mindset. Drop the words “revenue” and “profit” from your vocabulary. Instead, have your teams focus on growth over reward. We are conditioned to look at dollars and cents, which introduces financial anxiety into decision making. How are you growing as an organization, and what is your reward for that growth? - Brad Cousins, Ingage Human Capital Strategies

2. Improve your business process. Growth can come in many ways, and increasing top-line revenue can often lead to bottom-line improvement. Improving the business process is one of the best ways to push more of that top-line revenue down to the bottom line. Systems such as the Entrepreneurial Operating System have been proven to help improve small and medium-size businesses so they can grow and become more profitable. - Dan Ryan, ryan partners

3. You don’t have a sales, revenue or profit problem. You have a problem with vision, process, people, issues and data. It starts at the core of how you run your business. In order to break through to the next level, you need to ensure your leadership team is aligned, with eyes wide open. Results are attainable when you treat the issues, not the symptoms. - Melanie Towey, Melanie Anne, LLC

4. Take a fresh look at your most important asset—your people. First, consider whether your team is fully motivated and aligned around your growth goals. If not, some team alignment sessions are probably in order. Next, look at skills gaps that could be preventing the team from leveling up sales results or productivity. If you know the gaps, you can address those through coaching and training. - Glenn Taylor, Skybound Coaching & Training

5. Develop and be aware of your personal brand. Using this powerful tool to differentiate yourself in your business development and sales strategy will increase market exposure and client opportunities. Profitability grows substantially when your message resonates with your target audience and they choose to develop long-term relationships with both your business and your personal brand. - Reena Khullar Sharma, Agilis Executive Consulting

6. Increasing revenue comes down to customer loyalty. Assuming you already have a product or service that your customers value, focus more time and energy on the customer experience and developing genuine relationships with your customers. Foster customer and brand loyalty, and they’ll be more likely to come back as well as recommend your business to others, thus increasing your revenue stream. - Jonathan H. Westover, Utah Valley University & Human Capital Innovations, LLC

7. Maximize what is working and eliminate what is not working. Create space for innovation and opportunity by analyzing your products, services, systems and processes. Identifying, stopping and removing the things that are no longer serving the mission, vision, values and goals of the company will inspire and build momentum, opening up opportunities for growth and profit. - Lori Harris, Harris Whitesell Consulting

8. When a business has been stagnant for a while, it’s time to do things differently. Doing more of what you’ve done won’t get you to the next level. It pays to take a deep dive into your offers and audit what works and what hasn’t worked for a while. Going deep before going wide is how to scale in the quickest way. When you know where and how you can make the biggest impact, your business will scale. - Petra Zink, impaCCCt

Did you miss our last week’s newsletter where we peeked into the future of 2024? Don’t worry, we’ve got you covered. Check it out here: Top 6 Technology Trends in Business to Watch out For in 2024.

Outerverse

What else is happening around the world?

• An artificial intelligence tool has been developed to predict new variants of viruses before they emerge

• Amazon trials humanoid robots to 'free up' staff

• Elon Musk says X to have two new premium tiers

• Microsoft announces $3.2 billion investment in Australia's AI and cloud computing infrastructure

Recommended

Here are our Recs for the week!

🍔 Eat: Quinoa
🛍️ Buy: Plastic Foldable Adjustable Laptop Stand Holder with 47% discount
🍿 See: Mami Wata
🎧 Listen: Keep Rising (The Woman King) by Jessy Wilson ft. Angélique Kidjo
📖 Read: Stay with Me by Ayọ̀bámi Adébáyọ̀
🏆 Win: Free ticket to Pcgetz Annual Dinner - PAD2023

Job Openings

What are people hiring for now?

• DAI - Technical Assistant For Education And Youth Empowerment In The Northwestern Nigeria (EYEPINN)

• FSOFoundation - Manager

• Cuesoft - Sales Executive

• Tingo Foods Plc - Account Officer

• The Borough Lagos - Facility Manager

• Dexterous Music Media - Salesperson

Oh, before you go friend …

At VisualHQ, we're not just about providing creative services like UX, brand identity, design, development, and marketing. Our goal is to be your steadfast companion on the journey of startup success. That's why we've crafted The Beam, our weekly newsletter.

Each week, we curate a selection of the most relevant and insightful topics, interviews, and case studies from industry experts and thought leaders. Our team scours the in-depth scenes of business trends, marketing strategies, technological advancements, and emerging markets to bring you the most valuable information to fuel your success. Together, let's ignite your ideas and shine a spotlight on the endless possibilities that lie ahead. Let’s Collaborate!