Many entrepreneurs do not want to part with their money, and with good reason. The constant flood of sellers that a piece of cake for your money, you can sit tight in the pocket of the network. But do you ever felt that they lose their ability to invest in their farms and, consequently, some of the most valuable cash more money?
It's called "Return on investment (ROI), and many large companies are doing everything possible to ROI large expenses, such as technology purchases and real estate transactions. But for small businesses that have cash flow, Return on investment is an important factor If only, starting with a few hundred dollars.
The cost of advertising is one of the areas where the return on investment should be considered. Some businesses see advertising as a business expenses, if an investment in your company. If done correctly, the money would circulate word about your business, you must return. While this does not make sense to spend thousands on an ad that only a few hundred dollars in sales, it does not make sense to focus and spend what you know you can win again.
For example, if you have $ 100 to advertising in the publication, which reaches its destination, customers, and its customer spends on average $ 20, all five people on the ads for the investment. And do not forget to follow orders. If you have a product or service, the customer should be over and over again, so that you can afford to invest more in order to attract new customers.
Associations are another investment opportunity to ignore. Let's suppose that your local Chamber of Commerce charges $ 250 per year. That may seem steep, but it may be that money back. If you have a network of events, you can use partnerships with other companies, the owners can invest their membership tenfold.
In addition, the benefits of membership. If the house offers 20% discount on office supplies, as well as to spend $ 2000 a year back, you can use $ 400 for supplies alone. Many associations offer discounts for employees on a range of products and services, including insurance, copying and printing, shipping, industry and products. When considering a partnership is necessary to assess the benefits and the ability to save. You may find that their contributions are truly a bargain.
Books, products, information, education and more opportunities for investment in your company. If you have $ 20 to book, just to get a new strategy of reading the publication of this strategy could be thousands in the long run.
Have you ever struggled with the hour that you do not understand? Investments for three hours in the classroom can give you countless hours of lost time hours, which are used for admission.
Speaking about the time that your time is worth. If you earn $ 100 per hour for consultations, as well as five hours a week formalities, the cost mainly weekor $ 500 to $ 2000 for monthon this tedious task. Instead, you can hire a virtual assistant or a part-time basis to manage their documents. If you hire someone for less than $ 500 a week, in fact, except for their investments.
Therefore, the next time you see a business expense rather than as an obstacle, take a look at the possibility. Ask yourself the following questions:
* What is my time worth?
* Will this investment save your precious time with me?
* Are there sufficient revenues to pay for the investment?
* Are there any benefits such as discounts on goods and services, investment costs?
* What are the hidden benefits? I will be able to exploit opportunities for linking the effects of my business, or establish a business?
Sometimes we need to solve the ropes to spend more money. In the assessment of all opportunities to invest in a company, you can take advantage of some great opportunities.
Investing in your business: money is money!
Labels: Investment, Investor