STEP 2: Consider your revenue streams for 2024
1. What are your revenue stream ideas for 2024?
What products + services might you offer/launch
2. What’s the math equation for each revenue stream?
People x Sales = Revenue - Expenses/Time = Profit
Total Revenue
Consider Human Resource Needs/Roles
3. What’s your total revenue estimate + what do you need it to be?
(Expenses + Personal Income/Salary + Business Runway* = Revenue Need)
4. Which waterfall into another, create a customer ascension map?
(i.e. X list builds for X, sell from X into X next)
5. Which products will most amplify your brand and/or are your bus test? (will make greatest revenue long-term or is my greatest passion to make happen)
6. What is the order of priorities based upon short-term revenue plus long-term revenue?
(i.e. X makes most money for Q1, then X will be a slower build yet big picture powerful)
*Business Runway is the savings we desire to feel safe, money set aside to hire for a new role, or spend ahead of a launch in paid ads, etc. It may take years to get to the point of having this.