From Rob’s Desk: But Why Is Revenue The Problem?
Cash flow. Finances. Liquidity. Whatever name you give it, most business owners keep at least one eye, at all times, on revenue. It’s part of almost every conversation. It’s pivotal to success. It’s a perpetual holy grail. And most times it seems there isn’t enough of it.
It also might be the answer I hear most often when I ask business leaders about their most pressing challenge.
Here’s the thing about revenue though — it’s codependent on so many other factors. It doesn’t stand alone. Revenue by itself isn’t a thing. It is unequivocally influenced by at least one of five other challenges that every business or brand faces.
So instead of asking how to solve revenue challenges, the real question to ask is this: Why is revenue a problem?
Yes, revenue could be a problem. But there’s always a reason for it. And that reason is the actual root. Revenue is just a symptom of something bigger.
This is the part of the conversation where most business leaders I’m working with release one of those exaggerated exhales, because as part of the proprietary business system we’ve developed at WHYFOR — known as H.A.L.O. — things are starting to unfold in front of them.
H.A.L.O., which stands for Holistic Approach Leveraged Outcomes, dissects the six potential challenges every business or brand faces, singles out the most pressing and then develops insight-driven strategies to overcome them. Here’s how.
- Let’s say revenue is the perceived problem.
- As part of H.A.L.O., we know we need to ask why revenue is the perceived problem.
- Once we ask, we learn that a brand is trying to gain traction in a crowded market.
- So, perhaps recognition is actually the problem leading to revenue challenges.
- Based on those and other insights, we develop metrics-anchored strategies to solve those recognition challenges.
- Then, we implement. We measure. We adjust. And we celebrate a positive revenue trajectory.
To be fair, our H.A.L.O. system is much more comprehensive than six relatively simple bullet points. But it’s just an example. The bigger moral of the story is that every business faces one or more of the same six challenges, which means we don’t have to devise a new cure every time.
H.A.L.O. is built to solve for those six challenges in ways that are unique to each brand or business, incorporating operations, marketing, communications and internal processes. And what would internal operations or processes have to do with marketing and revenue?
Because your perceived revenue problem may actually be a retention problem. And with H.A.L.O.’s holistic approach comes a recognition that everything is connected and everything has the potential to impact revenue.
Your business deserves a deeper, more comprehensive look, like the one H.A.L.O. offers. Why? Because your success, and your revenue, likely depend on it.
To gain clarity on what may be impacting revenue for your brand or business, schedule a complimentary, 30-minute consultation.