How to Create A Business Model For Your Consulting Business

On the Profitable Joyful Consulting podcast, I teach you how to increase your profits and enjoy your business more. In this episode, you’ll learn how to create a sustainable, profitable business model for your consulting business.

In an address at the University of Arkansas, Sam Walton said, “If you have four, you’ll never be poor.” He was referring to revenue streams, and I agree with him. In this episode, I’m going to talk about the four kinds of revenue streams that you can put together in your business.

There should always be a lot of ways for people to pay you to help them. That’s basically what “never be poor” means: make it easy for people to pay you money and get your services.

A business model describes all the ways your business makes money and revenue streams refer to the products or services that you provide to your audience. We’re in a time when we need to get creative about serving people because some of the things we’ve been doing might not be working anymore. There are absolutely opportunities out there.

In this episode, you’ll learn:

The key mistake consultants often make in their first few years of business (that leads to exhaustion, burnout, and limited revenue)
The four types of revenue streams you need to diversify your income
How to leverage your time to scale your business
How to create recurring revenue that takes the peaks and valleys out of your business
When to begin creating new revenue streams for your business