In today's episode I’m joined by Sophie to talk about how to invest in your business

Things we talk about in this episode:

• Save your tax money each month in a separate account so you don’t get caught out at the end of the year.
• Have a system in place with your finances before you invest. Pay off debt and get stable before investing.
• Know what you're paying each month, and keep a track on your finances. Get rid of anything that is costing you money that shouldn’t be.
• Invest in your brand. You can do it yourself for the first year, but eventually you will need to get a professional to help you. 
• Save money by using free tools when you’re first starting out. For example, use free prints for flyers, and stamp your own boxes.
• Invest in good quality packaging to avoid having to pay again due to damaged items.
• Invest your time into your business. You can’t get it back, and this is the slow method, but this is all you really have when you’re new and starting out. 
• Invest your money - the quick method. This is good when you’re already earning an income from your business, and you’ve scaled and need to save your time now.
• Overcome mindset blocks around outsourcing tasks. You can’t do EVERYTHING in your business, and outsourcing isn’t as scary as it seems.
• Invest in high quality equipment to up level your business and bring in more sales. 
• Start off with what you have. This trains you to solve a problem and be resourceful. 
• Invest in education. This saves time over money - buying the fast pass to know exactly what to do will be so much better financially than wasting 2 years doing something wrong.
• Invest in high quality materials - don’t scrimp on quality, your customers will know.
• Invest in professionals - building a website, branding etc when you need to up level, scale and grow your business and you don’t have much time.
• If you don’t have time to do something properly, hire someone in to do it for you who does.
• Hire an assistant to take the tasks off your plate that take up the most of your time. Such as, emails, social media, box stamping etc.
• Look at what you do in a month, and outsource the tasks that you don’t enjoy/ can’t do etc.

Links from the episode:

• Interested in enrolling to the Handmade Bosses Success Academy? - https://www.handmadebosses.com/HBSAenrol 
• The 3 Step System To Skyrocket Your Etsy Conversion Rate - https://www.handmadebosses.com/conversion
• The 30 Day to A Kick Butt Etsy Shop Launch Plan - https://www.handmadebosses.com/30days
• Find out more about Steph -
  https://www.handmadebosses.com/aboutsteph

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