In today’s episode, we discuss how to strategically approach making purchases of all sizes for your business, including what an investment actually is, and how to measure ROI. Here’s a recap of the five questions we recommend asking before dropping your hard-earned cash:
- What needs to happen for me to break even on this? What about making a profit?
- What is the cost of my time?
- What happens if I don’t invest in this?
- Is it reputable?
- Do I have the funds for this?
Listen to the full episode for more details!