The Aligned & Thriving Podcast
In this episode, I wanted to open up a conversation about investing in building and growing a business. After owning and running an events business, a long-established bricks-and-mortar business, and various iterations of online businesses over the years, I've noticed that many entrepreneurs, particularly in the online space, have unrealistic expectations about what it costs to build a business. And honestly, I think that's understandable. Online business has created an incredible opportunity. We can start businesses with relatively low overheads, free social media platforms, affordable software, and the ability to attract clients before we even have a website. But I also think that accessibility has created a bit of a disconnect around what it actually costs to start, run, and grow a business. In this episode, I share some personal experiences from stepping into a CEO role inside an established business, managing payroll, rent, insurance, marketing budgets and all the expenses that come with running a traditional business. I also explore: • Why investing in coaching, mentoring, software, ads and business infrastructure can feel uncomfortable, but how we have to shift our thinking if we want to grow. • How online business compares to traditional bricks-and-mortar business when it comes to costs and investment. • Why many business owners underestimate the amount of investment required before a business becomes profitable. • The difference between spending money like a consumer versus investing money as a business owner. • Normalising there being a period where we invest more into a business than it gives back, usually a lot longer than people new to business are expecting. • Why many of us will happily spend thousands of dollars becoming qualified professionals, yet feel uncomfortable spending hundreds or thousands of dollars learning how to build and grow a successful business. • How to think more strategically about business investment and return on investment. This isn't an episode about spending recklessly or investing beyond your means. It's simply an invitation to think a little differently about what it costs to build something meaningful and successful. And to become more comfortable with the reality that building a business does require investment of time, money, energy, skills, support and infrastructure. I hope it gives you some food for thought and shifts your thinking so you can make the moves that will support you in growing and reaching your business goals. If you had a takeaway or ‘aha’ from this episode and want to share it with your business besties and community, screenshot and share it on Instagram, tagging me at @jada.businessmentor. I’d love to shout out your takeaways and your support! 💬 Let’s connect! Instagram: @jada.businessmentor Email: jada@riseandshinecollective.com.au → DM me on Instagram @jada.businessmentor or send me an email to jada@riseandshinecollective.com.au if you’re ready to explore live launching in a more aligned, ease-filled, and higher-converting way through 1:1 Aligned Launch Coaching & Consulting, or you want personalised and strategic support to create or grow an online offering (course, membership or program). And please hit follow, leave a review, and share this episode with a business bestie if you’ve found it helpful.
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