Is It Worth It or Not? Assessing Essential Business Resources

Profit Cash Growth

In this episode, we tackle the question on every entrepreneur's mind: "Is it worth it?" We delve into the advantages and potential pitfalls of using crucial business resources like bookkeepers and marketing agencies.

Our discussion kicks off with a relatable rant about potholes, segueing into our support for a local small garage business. We then shed light on Morrisons' innovative approach to driving revenue through advertising on trolleys and digital screens. We examine the worth of bookkeepers and marketing agencies in business growth, and the pros and cons of such investments. The diversity of opinions we offer on these subjects ensure this episode is a fascinating listen for anyone seeking business growth.

We also engage in a riveting discussion on the importance of investing in outsourcing, focusing on marketing agencies and personal assistants. Our host Simon shares his beliefs on how such investments, despite their low entry barrier, can yield high returns. The episode underscores the potential to buy time for high-value tasks by outsourcing more routine ventures.

We delve deeper into the essentials every business owner must consider, including virtual assistants, company cars and finance brokers. The metric of success here is whether these investments pay off in the end. Additionally, we discuss the role finance brokers play in fostering business growth, emphasizing their contributions to seamless loan and credit transactions.

As a bonus, we recommend an inspiring Netflix series, The Playlist, chronicling the journey of Spotify. This episode is a treasure trove of debates, insights and invaluable advice for all aspiring and accomplished entrepreneurs.

https://www.youtube.com/@ProfitCashGrowth

www.profitcashgrowth.com

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A few people have asked me what they can expect from this: I will review your business and accounts and provide you feedback on where I think you have opportunities to improve your profits, cash flow or to grow. You can expect insights such as areas to increase your gross margin, identify your customer acquisition costs, and what could happen to your cash flow when your business grows.