That Money Lady Podcast

Ep 26 - The Hidden Power of ROI: More Than Just Dollars and Cents


Listen Later

-Introduction to Return on Investment (ROI) for small businesses

-Basic equation for calculating ROI

-Importance of evaluating both monetary and non-monetary returns

-Personal anecdotes from Audrey's finance degree

-Assigning value to learning experiences and connections

-How deep connections contribute to business success

-Encouragement for entrepreneurs to make informed financial decisions

Key Takeaways:

-ROI is a powerful tool for understanding the value of investments.

-Both monetary gains and non-monetary benefits should be considered in ROI calculations.

-Learning experiences and connections are valuable aspects of investments.

-Entrepreneurs should evaluate investments based on their unique goals and circumstances.

Quotes:

-"With awareness, that's when you gain the power and the knowledge to make better decisions."

-"Connections are currency."

-"Understanding your finances is a lifelong skill that empowers you endlessly."

Call to Action:

-Subscribe to the podcast for more insights on financial literacy for small business owners.

-Follow Audrey on social media for additional tips and updates.

Follow Us:

www.thegracefulpenny.com

https://www.instagram.com/gracefulpenny/

...more
View all episodesView all episodes
Download on the App Store

That Money Lady PodcastBy Audrey Heesch