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What I’ve invested in to Grow my business (and what have been money leaks in hindsight)
Manage episode 359067686 series 3012675
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Today's podcast is from a Facebook live where Annette Ferguson discusses her experiences with investments and money leaks in her business journey. She shares the good and bad choices she's made and offers valuable advice to help others avoid making the same mistakes.
- Money leaks in business investments:
- a. Investing in complicated CRM systems that are not suitable for the stage of the business
- b. Spending money on branding too early in the business journey
- c. Investing in multiple programs and courses at the same time without proper implementation
- d. Being a member of multiple memberships simultaneously
- e. Investing in a program to learn about its backend operation instead of directly consulting the program creator
- Good investments in business growth:
- a. Building a reliable team and setting them up for success
- b. Automation tools like Zapier to save time and energy
- c. Internal communication tools like Slack for efficient team communication
- d. Investing time and effort into business growth, sales, and marketing
By understanding her past experiences, Annette hopes that others can avoid some of the money leaks she encountered and make better decisions when it comes to investing in their businesses.
Resources:
- If you’re struggling to understand the accounting for your business, reach out to Annette at podcast@annetteandco.co.uk and join our Facebook group https://www.facebook.com/groups/915326342418247.
- To know more about financial and lifestyle freedom and if you wish to receive updates on all the workshops that will help you increase your profitability and freedom from your business, just head on over to https://www.annetteandco.co.uk/want-our-emails/.
Connect with Annette Ferguson:
- Facebook - https://www.facebook.com/UKAnnetteFerguson/
- Instagram - https://www.instagram.com/annetteandco_/
- YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA
- Listen to the Podcast - Financial and Lifestyle Freedom for UK Business Owners -
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