How confident are you about spending money in your consulting business?
What metric do you use to decide if an investment in your business is affordable or not?
There is so much material available online on how to market your business, get more clients, generate more income. We tend to be more comfortable asking for and receiving help in these areas.
But as turning a profit is the goal of our business, and that depends on income and expenses, it’s equally as important to talk about outgoings, and how to make good spending decisions.
Over the past couple of weeks, I’ve had the same topic come up a few times in conversations over LinkedIn messenger – how do we know what we can afford when it comes to investing in your business?
In this week’s podcast I’m looking at how to make successful spending decisions in your business, including:
- How to know if you should buy a particular course, programme, or other big ticket item
- How to know if you are investing the right amount in professional and personal development
- What to do when a course or programme doesn’t bring you results you’d hoped for
- Four questions to ask yourself now so you’re prepared to make your next spending decision