189. Learn how to spend $1 and make $5 in your business

Join Small Business Money School: https://ginaknox.co/school 

In this episode, Gina Knox discusses the importance of understanding return on investment (ROI) in business. She emphasizes the need for business owners to identify high and low ROI investments to effectively manage their finances and pay off debt. Through personal anecdotes and practical advice, Gina outlines criteria for making high ROI investments, the significance of addressing current business problems, and the lessons learned from past low ROI investments. Ultimately, she encourages listeners to develop a playbook for making informed investment decisions that lead to business growth and success.

Timestamps:

00:00 - Understanding ROI in Business Investments
02:55 - Identifying High ROI Investments
05:49 - Criteria for High ROI Investments
09:02 - The Importance of Current Business Problems
11:56 - Learning from Low ROI Investments
15:14 - Transforming Business Mindset
18:03 - Creating a Playbook for Successcape

Category: Entrepreneurship

Keywords: Debt, debt pay off, how to pay off business debt, ROI, return on investment, savings, financial literacy, small business finance, small business, entrepreneurship, entrepreneur, p&l, profit and loss, profitability, increase profit