Along with your income statements, as derived from your accounting records, simply make a note of the number of different sources supporting your business. For example, you might have your own product sales income, cash from affiliate programs, revenue from consulting services, and even some money arriving from rental property.
The important thing is to find your cash cows, and see where you get your milk. Okay, that wasn't the best analogy, but I think you get my point. Your business will have its major sources of revenue, and some minor ones. A few revenue streams will be growing, as others dry up to a slow trickle.
Look for ways to expand the growing income sources even more. Check into expanding some of the smaller revenue generators. Abandon the losers that take all of your time, but give little back in the way of hard cash. They are costing you far more than they are worth. Your time and money is better used elsewhere in the company.
As you take stock of your business revenue centres, you will often unearth brand new opportunities. Older products and services can be revived or packaged in a brand new and exciting way. Some services can be easily expanded and take on new forms. You are only limited by your imagination.
Look over the income side of your business, and find ways to enhance your company's cash flow. As most of us in the business blogging community already know, your blog is a powerful source of income and profit growth. Blog revenue can be derived either directly as income or as support for growth of your main business. Both business blog advantages add money to your company's bottom line.
A successful entrepreneur is always seeking new and exciting ways to add revenue to the business. I know that you are a successful business person, as you are actively seeking new and profitable product and service ideas.
Now it's time to get started on enhancing those profits and achieving your business success.
