Rachel Mcmichael:

Three Critical Questions to Ask Before Investing In Your Online Business

Today on the Business With Impact podcast we’re’ going to talk about investing in your business!

How do you know when to invest and when not to invest?

When I'm trying to make an investment in my business, whether it's a laptop or whether it's knowing if I should invest in a program, I go through a framework, a series of three questions.

I want to walk you through those questions and I want to encourage you to take notes because this is going to make a difference for you and your business as you're trying to make investments and as you're trying to see if these investments are wise, worthy, and if they’re something that makes sense.

Let’s talk about it!


>> At 1:30, we jump right into the first question I ask myself and we discuss the difference between a stressful investment and an investment that will stretch you. Two very different things, but it’s an important distinction to make as you think about your next investment.


>> At 2:55, we move into the second question which focuses on taking the action and analyzing it from the perspective of a next-level business owner.


>> At 4:50, we talk about the third question (and we camp out here for a bit) which focuses all on the return. Will you get a return on your investment and how to proceed from there? This is a critical point in the episode, so be sure you have your pen and paper ready!



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