Today Mike and Grant are going to give some guidelines on when to invest in your growing business. In any business there are aspects that are necessary to invest in and things that can be added as the business grows. This episode offers sound advice on when to recognize that need to grow and when your business has reached a peak.
Other bits of advice are:
Keep your costs as low as possible or your “burn rate.”
Know what items you need to spend money on how they will save you time.
Check out the work of Chris Ducker) and the concept of “Superhero Syndrome.”
Mike and Grant want to give you a realistic portrait of how a business grows and why investing in that business will fuel growth. Their advice is meant for longevity and will give up and coming business owners great food for thought.
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