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If I Had £1,000 to Start a Business, Here’s Where I’d Spend It
Manage episode 353895941 series 3012675
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When starting a business, you have to make sure that the money you’re spending on, is what you really need to get you moving. Say if you have £1,000 that you can spend to start a business, you don’t want to spend money on things that are not cost efficient. Start by understanding your business concept and who your target customers are.
In this episode Annette will give her recommendations on where to allocate your £1,000 and also, what things you should not spend money on just yet.
Here are a few insights you’ll hear in today’s show…
- Annette’s recommendation on where to spend your £1,000 when starting a business from scratch.
- What not to spend on and the reasons for not spending on those, yet?
Resources:
Book mentioned - Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4
To receive the core chapters of Profit First in PDF, go to - https://www.annetteandco.co.uk/pfbook/
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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