Adrian Newman’s latest ‘e-Wealth Daily’ article is titled “Weekend Success Bulletin”. [Adrian Newman’s Article]

Adrian Newman’s latest ‘e-Wealth Daily’ article:

Weekend Success Bulletin

So you’ve been able to secure some sort of financing for your business. The check is in your hands and you’re ready to start spending it. But what is the best way to spend it?

Well, first of all, let’s eliminate the word “spend” and replace it with “invest.” The reason is simple; you have to act like an investor, not a spender. And what this basically means is that you have to figure out the best way to use the money to generate the best return.

Now, depending on the kind of business you run, this could be one of a myriad of items. It might be a piece of equipment that will help create the product you need to sell. It might be a marketing campaign that will increase exposure for your company and help build your brand. It could very well be a new employee who will either help generate more business, like a salesperson or someone who will help you make more
time to do it yourself.

Whatever it is, before using any new money, determine if there is a return on investment (ROI) for the money that you’re about to spend. I’ll get into how to calculate ROI in an upcoming article, but the basic premise is that the money you make will be more than the money and effort you spend over a certain length of time.

Some entrepreneurs might rush out with their checks to go and buy office equipment, get stationary printed, buy new suits, or purchase plane tickets and hotel stays so they can travel the world to promote their business.

And, while all of these investments have a certain value and potential to help you grow, they may not be as much of a priority or provide the same ROI as other potential investments.

I guess the best way to sum this up is: no business ever succeeded or failed because of the office supplies they bought or the size of their computer monitors.

Spend your money like an investor, not like a kid in a candy store.

Sincerely,
Adrian Newman
Founder, e-Wealth Daily
http://www.ewealthdaily.com

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin andwww.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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