When you start making money in your business, the last thing you want to do is invest it back in. You wanna make the most you can of course!
But here’s the thing, there are so many investments you can make that will see an amazing return on your investment. A return on your investment can be time or money, but you want to make sure it’s worth the money you’re putting into it.
There are three main times that I look into investing in my own business that will work well for your own!
Whether you’re launching a new service or product, the momentum and income from a launch help make investing a lot less painful. Normally a launch will have you bringing in a sum of money in a relatively short amount of time, so you’ll have the money to make larger investments like coaching, a signature course, or a full rebrand and custom site when it’s time to elevate your business.
There are many seasons in business and there are ones where you feel like there is a wall in your way. Your growth has stunted and you’re looking for a way to continue expanding.
A course, consulting, or coaching can be the answer. When you start applying the new skills you’ve learned or follow the instruction of another person, you will see a return on the investment when you reach a new audience or provide more value to your clients and customers.
There are also seasons of familiarity. Your business is going great! But you also are ready to build an empire, get from 5 to 6 figures (or even 7), or build a team so you can work less. Masterminds and hiring out can take you there but you absolutely get what you pay for. Make sure to do your research and invest an amount of money that speaks to the change and return you want to see.
What is holding you back from investing?
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