230. Strategic Downsizing: This CEO Grew Take Home Pay By $60K When She Slashed Her Revenue From $650K to $300K.
You don't need to break the bank to boost your business! Check out the 33 FREE resources available to you in Freebie Fest Vol.2: http://ellenyin.com/freebiefestv2It’s counterintuitive that letting go of your team and clients would increase your take...
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Show Notes
You don't need to break the bank to boost your business! Check out the 33 FREE resources available to you in Freebie Fest Vol.2: http://ellenyin.com/freebiefestv2
It’s counterintuitive that letting go of your team and clients would increase your take home pay, but this case study on intentionally downsizing your business proves that can be true.
Despite a high demand for her services, nonprofit fractional fundraiser consultant Cindy Wagman realized the business she was growing didn’t actually align with the life she wanted to create.
Cindy made a risky bet by letting go of all her employees and offboarding her existing clients, effectively slashing her annual revenue in half, from $650,000 to $300,000. The result? She reduced her workload to only 3.5 days a week while increasing her take home pay by $60K (and growing yearly).
In this case study, we cover why this strategic downsize improved profitability, how Cindy facilitated this transition of her team and clients, and practical insights that will help any entrepreneur seeking to better align their business finances with their personal goals.
View the transcript for this episode at: https://otter.ai/u/gXGtSJ3R3rPpCMCUS-3s4FBi8BU?utm_source=copy_url
Connect with Cindy:
- Mistakes Nonprofit Consultants Make In The First 3 Years Of Business: https://cindywagman.com/ellen
- https://www.fractionalfundraising.co/
- Connect on LinkedIn: https://www.linkedin.com/in/cindywagman/
- Follow on Instagram: @cindywagman.consulting/
Link mentioned in this episode:
- Trade Show Booth Episode w/ Becca Stern: https://link.chtbl.com/KtdZLrP_
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