Investing in your business is a fact of life. It can help you learn, grow and be a better coach.
But what if when you need advice, consulting, training or something else, you fork over an enormous amount of money only to have it not work out the way you wanted? OUCH.
This season of the Coach Pony Podcast, it’s all about mistakes. I teamed up with Bobbi Palmer from Date Like a Grownup to give you the lowdown on our biggest mistakes and lessons learned, so you don’t have to learn the hard way.
Today, we’re talking about business investment mistakes. From spending money to get good advice that your business just isn’t ready for, to signing up for a program because someone you look up to did it, making mistakes in business investments can put you deep in the red and take time to recover from, financially and emotionally. And these mistakes happen to all of us.
Of course, we hope by sharing some of our stories we’ll keep you from making the mistakes we did. But if you do? Give yourself some grace. You are not alone, my friend.
Listen to the full episode to hear:
- Why you need to be clear on the return on investment before you write the check
- How to step back and evaluate any additional investments that may be required to get to the real total cost
- Why spending a ton of money on training or programs can be a bad idea for new coaches
- Three big pieces of advice for making business investments
To learn more about Bobbi Palmer:
To learn more about Christie Mims:
And if you have some chocolate worth reviewing on the show, we are easily bribed!
You can send it to us at: Christie Mims, 3630 High Street, #19286, Oakland, CA 94619