As a creator or as somebody starting a business you will have found yourself spending rather than investing. Often is the case that we spend way too much and then realize we didn’t really need said product. Spending vs Investing in starting your journey as a creator or a as someone starting a business will find the lesson hard and often repeated. The questions I often get are around this spending vs investing, how to budget and how to grow a business without walking into the trap of spending too much.
In this video we look at the idea of needs vs wants as it relates to spending vs investing and how it should directly correlate to the needs of the clients we currently have and expected future client needs.
0:21 Intro Smart Buying for Creators
0:55 Spending much? Time to Invest?
2:00 Needs and Wants Explained
3:05 Investing or Spending and Needs/Wants
5:33 What is the Need for the Clients
6:07 How do we grow and buy smart with client growth
8:03 Start creating the budget accordingly with ROI
Check out the video on Purchases and Regrets. My Experience and Advice: https://youtu.be/5SV2xTlRctE
Drop a comment below and/or your question.