If you want to make money in your business you need to learn how to spend money.
Now before you say "I can't afford it", know that the business owners who are running six and even seven figure businesses and beyond,
ARE spending money on a regular basis, so they can make money. They know that’s what you need to do to grow and scale their businesses.
So think of it this way, if you want a million dollar company or business, just so you know, that means that you need to make at
least $500 per hour to get to that level. PER HOUR.
If you are doing things in your business that you can pay someone 20 bucks an hour, or 10 bucks an hour and you don’t
hire that person because you think you can’t afford it because you want to make more money, then you are actually paying
$480 or $490 dollars to do it yourself.
That’s how one of my business mentors explained it to me…James Wedmore, he is a brilliant entrepreneur making multiple millions
of dollars in sales, so this guy knows what he is talking about, but he explained it like that and it totally hit me -
so I hope that made sense to you and maybe opened your eyes to how you need to think differently when you are an entrepreneur .
I talk about this further in the Profitable Portraits podcast episode number 23 [20mins]. Go here to listen
The podcast covers how to apply this as photographers. Where to spend money to get the best return, how to figure out
what to spend money on, examples of daily, weekly, monthly, quarterly and yearly tasks you do in your business, and what
you can hire others to do.
“There are 2 types of entrepreneurs. One is the person who saves, and the other is the person who makes.”
So which are you? Listen to the podcast here
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