Revenue Streams

How Nonprofit Organization VitalChurch Ministry Created Multiple Streams of Income, While Also Better Serving Churches

In business, there is often more than one way to bring in money. Some companies choose to offer a combination of products and services, while others offer related and/or complementary services. Having multiple streams of income can help grow a business and can also help insulate a company during difficult times. The importance of this was highlighted during the pandemic, … [Read more...]

A Record Year for New Jersey Sports Betting Revenues

While 2020 was challenging for most people, as well as creating disruption across almost every industry, not every sector or market segment suffered. A quick look at the stats for sports betting revenues achieved in New Jersey will prove that, with licensed operators raking in record amounts of cash, as residents wagered more money than ever before. Here is a deep dive into … [Read more...]

How to Easily Adjust Your Business During COVID-19

As thousands of businesses struggle during COVID-19, those that have been able to survive this long remain encumbered by the continuously changing requirements to reopen. More professionals are wary of leaving their homes and thus choose to work indoors. Cities are enforcing strict public health measures which are affecting commercial operations. Sales numbers are dwindling as … [Read more...]

5 Reasons Every Solopreneur Should Write a Book

When you hear the word "author," your mind likely goes to big names like James Patterson, Nora Roberts, Agatha Christie, or even Dr. Seuss. Yet, if you look at the latest bestseller lists, you’ll also find names of people who are perhaps better known for their businesses. James Collins, Dale Carnegie, Stephen Covey, Tim Ferriss, and Seth Godin would all be on this list. But … [Read more...]

3 Numbers You Should Calculate Before the New Year as a Solopreneur

How many times have you heard that if you really want to succeed in business, you have to know your numbers? When I first started out as a solopreneur, I didn’t think that this advice applied to me. Because I don’t own a huge company, manufacture products, or have a ton of employees, I felt that I was somehow excluded from keeping track of these types of metrics. Boy was I … [Read more...]

3 Ways to Add More Revenue Streams to Your Small Business

When you own your own business, you have to not only expect, but also plan for the natural ups and downs that you’re likely to face financially—especially in your first few years of operation. Some weeks it’s a feast and the next it can be a famine, making it desirable to find other ways to earn income so you’re more stable and able to withstand the “dry” seasons. One of the … [Read more...]

What is Revenue?

Revenue is the amount of money a company brings in from any of its business activities. Revenue can be accounted for in several different ways and can also be divided into “operating revenue” or “non-operating revenue”. Operating revenue is the revenue generated from a company’s core business, while non-operating revenue would be generated from the sale of asset or investment … [Read more...]