peer-business-consulting-askmeonmonday-lessons-learned

#AskMeOnMonday Episode 5 | My Two Biggest Lessons of 2017

2016/2017 has been a challenging year for me, so rather than the usual format for #AskMeOnMonday, this week I wanted to share with you my personal experience, including some lessons learned and home truths I’ve recently faced and how I’m pulling myself out of this #cashflow #funk.

CLICK BELOW TO WATCH #ASKMEONMONDAY EPISODE 5

Top tips from this week

It’s been an interesting year so far! When I reflect on the year to date, my biggest mistakes for 2016/2017 were:

  1. I had depleted my savings buffer.
  2. I was relying on one or two clients for almost 90% of my sales revenue.

Tips for how to prevent this from happening in future:

  1. Make hay while the sun shines:
    • Save more during good periods
    • Plan for the worst case scenario
  2. Diversify your income sources:
    • Clients
    • Products and services
    • Passive and active income sources.

I hope you enjoyed watching. Please Like and Share with someone you think can benefit. And don’t forget to Subscribe to our YouTube Channel!

ABOUT #ASKMEONMONDAY

Are you a business owner or entrepreneur? Is a particular business issue keeping you up at night? Are you stuck with a decision and need help weighing up pros and cons? Do you need some time management or efficiency tips?

#AskMeOnMonday is all about sharing information on common business problems and helping you make real improvements in your day-to-day business life.

So go ahead and ask me your questions in the comments below and each week I’ll choose a question and publish a video response to that question on the following Monday.

SUBSCRIBE TO OUR EMAIL LIST HERE.

You can also find Peer Business Consulting at the links below:

– YouTube https://www.youtube.com/c/peerbusinessconsultingau
– Facebook https://www.facebook.com/peerbusinessconsulting
– LinkedIn https://www.linkedin.com/company/peer-business-consulting
– Twitter https://twitter.com/PeerBizConsultg
– Google+ https://plus.google.com/+PeerbusinessconsultingAu

Peer-Business-Consulting-Angeline-Zaghloul-5What did you think of this article? Post your comments and questions below. And if you found this useful, please share with your networks.

About the Author: Angeline Zaghloul is an expert in business strategy, client management and business processes, and is the Managing Director of Peer Business Consulting, a Sydney-based consultancy providing strategy and operations support to startups and SMEs. Angeline also publishes a regular blog which provides research, advice and tips on key issues facing businesses.

Post a comment