Here’s Why I Spend a Minimum of 20% of Annual Business Revenue on Courses, Coaches & Mastermind Programs.
Do you have a spending account just for your growth?
It’s the best investment that you can make - so why not prioritize it?
Why I Spend a Minimum of 20% of my Business Revenue on Coaches & Masterminds | The Visionary Method
Hey, Visionary.
Let’s talk about personal and business development for a moment…
The concept of investing in oneself is nothing new. People have been trying to “better themselves” and “enhance the quality of their lifestyles” for 1000’s of years.
Whether it's learning a new skill for your Online Business or improving your health by learning to cook at home, investing in yourself is always a good idea.
The benefits of Investing in yourself are numerous. For one, it can help you reach your goals and achieve success. It can also lead to a happier and more fulfilled life. Not to mention, it can also help you build self-confidence and become a better person.
If you're looking for ways to improve your life, Investing in yourself is a great place to start.
Check out the definition of the word ‘Investment’
& now compare to the word ‘Expense’
You see, when you Invest there is PROFIT that awaits. Expenses are just money spent with No R.O.I
In this blog I’m going to share…
Why I value investing in myself and in my business,
How to decide where to invest your money
I’ll show you exactly where I have spent money and what the Return On Investments have been, to give you an example
Why I value investing in myself and in my business
One of the very first ‘Personal Development’ books that I read from cover to cover was called ‘The Slight Edge’ by Jeff Olson.
This book offers a very simple concept that “if you want to make a change in your life, you must apply the slight edge of doing something different everyday— and eventually massive change will follow…”
Your daily actions and decisions need to change, before any major leaps can happen.
For me, a daily decision that I made was to invest in my Personal Growth more than I invested in any other area of my life.
This is not an easy decision to make as a young person, especially when you see your friends buying lavish clothes, spending money on fancy dinners and upgrading their living situations each year.
It’s not like I didn’t treat myself to simple joys in life, I just needed to prioritize.
For me, that meant no shopping for fancy overpriced clothes, holding off on buy my own car (I lived in Toronto where public transit was amazing) and avoiding house upgrades.
My vision was to invest in ME for a minimum of 10 years, so that I could become the best coach, wife, and business owner.
How to decide where to invest your money, when it comes to Personal and Business Growth.
It can be difficult to decide where to invest your money.
Should you invest in Online Courses or more niche-specific training?
Should you invest in a Business or Marketing Coach?
Should you invest in a 12 Month Mastermind?
The best way to make a decision as to where you should invest your money is to consider your goals and objectives.
What do you want to achieve in the next 6 to 12 months with your life and in your business? What are your long-term goals and what is the ‘next piece of the puzzle’ that you need to put in place?
Once you have a clear understanding of your goals, you can start to identify the areas where you need to Invest. Remember - Investing in yourself and your business is an investment in your future. It's a decision that will pay off dividends for years to come
Personally, I have taken countless online business and marketing courses, have flown around the world for conferences, and I have hired coaches that ranged in price from $5,000 USD all the way to $20,000 USD.
And guess what?
There was always a Return on Investment. Even the $20,000.00 coach had a return on investment for me within 1 year.
When deciding where you want to spend your money on growth, consider first what your budget is and then start to brainstorm ideas.
Will you buy a few Books off of Amazon or a Kobo or Kindle so you can read more?
Will you buy a $97 online course that teaches you how to write your own Facebook Ads?
Will you join a Group Coaching Program that teaches you how to start a podcast?
Will you hire a Private Business and Marketing Coach to give you personalized support
Will you go to an industry specific conference like Social Media Marketing World or AdWorld or Digital Marketer, etc.
Will you get certified in a new technique that will enhance your credibility?
The possibilities are truly endless!
What is your 12 month Personal & Business Growth Budget, and where do you plan to spend it?
If you’re curious, here are the Exact Courses and Programs that I have spent money on (and if you want to download all of this knowledge, apply to work with me!)
Here are the investments that I have made in myself over the past decade.
Lindsey Maloney Private Business Coaching
Archangel Business Conference in L.A.
AdWorld Attendee
Marie Forleo's B School
Marie Forleo’s The Copy Cure
Archangel Synergy Program & SUPERWORDS Copy Writing Formulas
Tony Robbins & Dean Graziosi Knowledge Business Blueprint
Clients on Demand with Russ Ruffino
Canadian Marketing Association Digital Marketing Certificate
BrainStation Visual Design Graduate
CampTech Instagram and Facebook 101 & 201
Amy Porterfield Facebook Profit Lab
Amy Porterfield Webinars That Convert
Motivational Interviewing (Learning How To Ask People The Right Questions to Help Them Gain Motivation to Change)
James Clear, The Habits Academy
Cat Howell, Facebook Ads That Convert
In conclusion, I think it’s quite clear that investing in yourself and your business is a worthwhile endeavor.
The benefits are many, and the opportunities for growth are limitless.
If you’re ready to take your life and business to the next level, I would encourage you to apply to work with me and I would love to set up a Free Discovery Call to see where you’re at.
Thanks for taking a minute out your day to hang out in the Visionary Universe!
When the time is right, here are a few ways that we can work together…
✈️ Are you having trouble ‘Getting Your Business Off The Ground’ and you are ready to explore how someone can help you to accelerate your journey from $0 to $50,000 in revenue? Explore The Visionary Method Business Coaching.
📈 Is your Marketing Plan a total mess? I work with clients who feel like their Marketing Strategy is all-over-the-place (or non-existent) so that we can help you generate MORE leads, work with MORE clients, and make MORE income! Learn about Visionary Marketing Consulting.
📌 Are you still dreaming up your business and seeking clarity before you go All In? We have a new podcast that goes live each week with an Inspiring Entrepreneur and we also have a bunch of Free Intro to Online Business Resources that you can grab, right here.