Ever wondered how much you really should be investing in coaching, courses, and professional development for your business? Today, I’m addressing the elephant in the room: how to strategically invest in your business without wondering whether you’re being swayed by the ‘always be investing’ messaging of the coaching industry.
The truth is that I do believe sometimes you need to invest in your business, and that sometimes you need to invest far more than the standard narrative of 10% - and that there are going to be times when, if you don’t, your business may shrivel up.
But…. I also believe that sometimes you don’t need to invest much, or even at all - and as someone who has more than 20 years’ experience in business - it’s about being strategic, understanding return on investment (and the cost of investing, as well as the cost of waiting or not addressing skills gaps) and planning like a CEO in your business.
In this episode, I share the times when I’ve invested and the thought process I’ve used to do that, give you a glimpse into how I budget (and what that might look like for you as you enter 2025) and some big red flags on when not to invest.
LINKS + WORK WITH ROBYN
- Run a 6 figure+ business in just 16 hours per week - Steal my work week schedule
- Get a 30 Day Free Trial of Kartra - our Course, Email and Funnel Software
- Swipe our Manychat Setup (and our Instagram Story to Subscribers Sequences + more)
- Want to launch an online course? Jump on the waitlist here.
- Work with me in the Peace + Profit Mastermind
- 1:1 Coaching
FOLLOW
Daily tips on growing your audience, impact and revenue (without sacrificing your life): @robynbirkin