WIBO Week 10 – Making a Profit: Purchasing

This week in WIBO we plan for the next investment that we’ll make in our businesses.

Whether it’s staff or equipment, we’re reminded that we have to evaluate the potential return for that investment beforehand:

* How much will we make as a result of purchasing an item, or hiring an employee?

* How soon will we get that money back?

* How else could we use that money?

These questions and others help us to decide how to spend our money wisely.

Our workshop leader says that it’s all downhill now that we’ve completed the breakeven analysis sections.

I am doubtful… 😉

For more information about the Workshop in Business Opportunities (WIBO) course, visit WIBO.org

Author: Moxie Maven

Carla Lynne Hall is a social media specialist and trainer in New York City with over 12 years of experience in online and social media marketing and training. She runs Moxie Maven Marketing, a social media and internet marketing agency which creates content and online marketing strategies for entrepreneurs, and small business owners. Moxie Maven Marketing sponsors Summer Business School, a series of summer marketing courses for entrepreneurs and small business owners. Carla is also the author of Twitter for Musicians, and co-author of Musician’s Roadmap to Facebook and Twitter.

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