All you accountants out there, read no further or cover your ears for what I’ve got to say to my fellow business owners.
Every check, credit card transaction, or cash purchase you make for your business shouldn’t be viewed purely as an expense. I’m not talking accounting principles here, I’m talking mindset.
If you treat all spends the same, you will likely miss out on doing things that will have a far greater impact on your business growth. Some expenses are smart investments. If lumped in with printer cartridges and copier paper, you’re not giving them a fair shake.
My mentor is the one who opened my eyes to this many years ago. We talked a lot about what I needed to do to grow my business. I would immediately respond – “I can’t afford that!”
That’s when I learned about my huge blind spot. The decision was not whether I should spend the money on my business, but whether I should invest the money in my business.
That shed a whole new light on expenses. Investments were the workshops that gave me the knowledge I needed to stay competitive and growing; and, mastermind groups to get me out of my own head; and coworking. Yes, I worked from a coworking space before I started Suite Spotte because I got so much energy, ideas, and inspiration from other members. These were some of the investments I made to take advantage of the growth opportunities I was then prepared to create. And still do today to keep growing.
Sure, money was often tight. But somehow, I found a way. Whether it was by asking for a workshop fee as a Christmas or Mother’s Day gift from family instead of the fresh flowers or new sweater I usually got. I’ve also been known to sell off some “vintage” items that had been stored away. Or cooking for a month instead of picking up something quick and pricey a few days a week. Or even postponing an upgrade to the latest cool phone. Be creative! The money is there. If you really want your business to grow, you will find it.
The next time an opportunity comes your way that will help move your business forward. Step up and invest in YOU!
Find out more about what you should invest in for your business from the experts at the Rocka Million Weekend.
Suite Spotte was fortunate to have local high school interns work at Suite Spotte this summer. Lyons Township High School intern, Joanna, shares her experience at Suite Spotte. Thanks Joanna! We miss you already!
Suite Spotter Mike Bash shares interviewing tips with Summer Interns.
When I first heard about Suite Spotte, I had no idea what coworking was, and had little experience with business in general. Over the course of my few weeks at Suite Spotte, I learned so much about entrepreneurship, coworking environments, and business itself.
I really feel fortunate to have gotten the opportunity to work in a space like Suite Spotte, not only because of the rapidly growing coworking market, but because of the diversity of the people here.
I did get the chance to sit down and talk with a few Suite Spotters, and it was so interesting to see the similarities and differences between people. I really got a sense of the people who come here and why they come here. I found it super interesting and motivating to see so many different people in so many different businesses and fields working in such a collaborative environment.
The main project that I worked on here at Suite Spotte was developing ideas for an online membership site and researching coworking management software. If I’m being honest, some of the work could be tedious at times, but other parts were extremely exciting, and overall I found the experience very valuable.
It allowed me to take steps out of my comfort zone, discover how I can leverage certain aspects of my personality into strengths, and see how well I work on a single project both in a group and individually. The skills that I learned while working at Suite Spotte are skills that I can apply to high school, college, and beyond, and I’m very thankful for that.
Suite Spotte is a really special place. It fosters creativity, productivity and learning, as well as an amazing sense of community and collaboration. I’m so grateful to have been a part of it!
The clocks have sprung ahead, spring is imminent, and the hibernation season is over.
It’s time to get your swagger back!
Boost your image, energize your “net” worth, and nourish your mind and body. Approaching daily life with confidence, optimism, and self-love gives you the power you need to be and achieve what you most desire.
To help you put a spring back in your step, Suite Spotte Coworking and Waddell & Reed are hosting a free midday mindset makeover for all you women out there.
We’ll share ways to boost your self-esteem and align your mind and body… all while indulging in a bit of the bubbly and a few deliciously decadent treats.
RSVP today, space is limited!