Episode 073: Can You Afford to Invest In Your Business?
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Do you struggle with making investments in your business? It can be difficult to know when and where to invest, how much to pay yourself, and how to price your services. Most people do not have the proper financial education to make smart money decisions. If you find yourself having a poor relationship with money and finding money management difficult, Chelsea can help you to understand where you should invest for the most benefit to your business.
Sometimes you need to be willing to invest money to make money. If you’re struggling with the decision to spend $20 a month on something that will ultimately enhance your clients’ experience with your business, you are missing out on growth opportunities. Some of the main issues getting in the way of people making smart investment decisions for their business are having a poor relationship with money, mismanaging their money, and being too shortsighted to plan for future goals. Money earned through your business should not be treated the same way as your personal finances, but people often do not have the background knowledge of business finance prior to opening a henna business. Learning to trust yourself to make smart investment decisions that can set you up for your future goals is pivotal to becoming a successful hennapreneur.
While it can be daunting to invest money, especially when you are first starting out, it is important to take that first step and really invest in yourself and your business. When you have more skin in the game, you are much more likely to be fully dedicated to your own success and your business will be better for it. Tune in for more!
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