Amy and Danielle: Mom Ink

Feb
11
2013

Go Where The Money Is

because we know that businesses rarely go according to plan

In our coaching practice we work with all kinds of really amazing entrepreneurs with businesses of all shapes and sizes. Although we work through lots of different issues and concerns with our clients, one that comes up often is when clients are bothered that they are making money differently than they had expected.

In other words, a secondary product or service is bringing in the bucks rather than the main feature on offer.

All businesspeople start out with an idea and build a business around that. We all know, however, that businesses rarely go according to plan. Very often the early years of a new venture are filled with experimentation and adaptation, and a smart entrepreneur is listening to her customers and watching trends in the market. The trick is not to fall in love with your original product or service. As an entrepreneur, you are in the business of making money, period. So, if your money is coming in from a product or service you didn’t expect to take off, we say congratulations, because making money from the unanticipated place is miles better than not making money at all!

What about the big idea that you thought would be The One? As much as you shouldn’t be wedded to it, you also don’t have to abandon it. Play with the formula. Adjust the offering, the price, and the marketing, and see what happens. At the same time, figure out how to sell more, lots more, of the thing that’s working.