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Read time: 2 mins
Imagine waking up tomorrow and seeing only $1000 left in your bank account.
Scary, right?
But here’s the twist: This could be one of the best things to happen to your business.
When you’re in that kind of situation, you start thinking differently about how you spend your money.
You stop wasting it on the small, unnecessary things (how many apps and subscriptions do you have that you don’t use???).
If you genuinely only had $1000, you’d probably want to be VERY sure you’re using it wisely.
This kind of mindset can unlock real opportunities for growth.
When you’re intentional with your money and your time, you’re investing in things that will bring a return.
So, how do you take this idea and apply it to grow your business?
Here’s what we recommend:
3 WAYS TO SPEND SMARTER FOR BUSINESS GROWTH
1. Invest in yourself
It starts with you. You are the backbone of your business.
Instead of spending on flashy things or quick wins, think about the skills, tools, and knowledge you need to become the best in your field.
- Invest in high-value courses, coaching, or mentoring that’ll give you actionable strategies.
- Read books or listen to podcasts that challenge your thinking and expand your skills.
- Attend networking events or join masterminds that put you in touch with the right people.
You’ll see a higher return on these investments than you would spending money on things that don’t move the needle.
2. Invest in your business (strategically)
Your business can only grow when you invest in the right areas.
- Think about where you can streamline operations or make improvements that save you time and money.
- Put your resources into areas that will bring in more clients or increase sales.
- Audit what we're investing in currently and cut or adjust anything that's not generating the return you expected.
Whether it’s upgrading your website, automating processes, or improving your customer experience—these investments create exponential growth over time.
3. Extract value from existing revenue streams
Growing your business doesn’t happen overnight—but when you’re thoughtful about it, it happens faster.
- Look for ways to create more revenue through the services you're already offering.
- Consider recurring revenue models, upsells, or offering complementary services that make sense for your clients.
If you've maxed out one revenue stream, you can then (and only then!) consider how you can build or acquire new revenue streams to expand income sources.
Bottom Line:
Look, we get it.
Sometimes spending on unnecessary things is just.... necessary.
This week Lynne spent $200 buying under-sink storage shelves on Amazon. It gave her a huge amount of satisfaction.
But try to be smarter... at least most of the time.
Instead of spending on unnecessary things, focus on investing in yourself, your business, and creating a sustainable, growing revenue model.
By making smarter choices, you’ll set yourself up for long-term business success.
Enjoy!
Speak soon,
Lynne & Steve
TLDR:
- Knowing how to spend smartly is critical to growing a strong, profitable business.
- Start by asking: “If I only had $1000, how would I spend it wisely?”
- Invest in yourself through skills, coaching, and networks that deliver actionable results.
- Strategically improve your business by focusing on operations and sales-generating activities.
- Maximise value from current revenue streams before exploring new ones.
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