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QBCommunityUK
March 29, 2018

QUESTION: If you suddenly acquired £10,000 to invest in your business, how would you spend it?

  • March 29, 2018
  • 6 replies
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Would you employ new people to join your business? Would you develop a new product or would you use the money for marketing tools?

 

Be creative!

 

How would you spend the money and invest in your business? Comment your ideas below!

      6 replies

      J
      Jess W
      July 6, 2018

      There are so many things I would love to achieve with my own personal business. 

       

      I am a health and wellness blogger and I also work freelance for a variety of brands.

       

      However, some of my future goals include:

       

      • Create an eBook (which can be developed into a published book) this will be a paid and downloadable file on my blog
      • Re-design my website and hire a graphic designer
      • Create my own business cards 

      Honestly, the list is endless! However, my true aim is to spread positivity wide and far. I want to create products that people can use and gain information from. Who knows what could happen in the future!

       

      How would you spend the money and invest in your business @JJJZ? This is definitely an interesting one for your business. I would love to know your ideas in the comments below! Smiley Happy 

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      J
      Jess W
      August 1, 2018

      Hi, @pezza!

       

      Welcome to the UK QB Community!

       

      I would love to know your perspective on this. If you were suddenly granted with £10,000 how would you grow your business with the money? What are the things you would love to do?

       

       

      I know I would do sooo many things! My list is never-ending for developing my business :smileyhappy:

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      J
      Jess W
      August 10, 2018

      Hi, @Karsty! :)

       

      Ok Karsten, how would you spend the money if you suddenly received £10,000? :smileysurprised: - I would love to know your thoughts on this! 

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      Karsty
      Karsty
      August 15, 2018

      I would pay off my debts, full stop!

        J
        Jess W
        August 22, 2018

        Hi, @Karsty!

         

        Yes, agreed! I know a lot of small business owners would do the same. It takes a lot to run a business. 

         

        If the debts were already paid... How else would you spend the money? Would you develop your business even further? Upgrade your van?

         

        I am sure you have some aspirational ideas! 

         

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        Karsty
        Karsty
        August 28, 2018

        @Jess W If I had my debts already paid off, I would probably just spend it on the newest van I could get. I've pretty much got my tools sorted out.

        I wouldn't spend it on "expanding" my business. I've employed 3 different people in the past, and it was too complicated. One businessman that I've been gardening for since about 2000 said "It's not worth employing anyone unless it's at least 7 people".

        If I employed someone again I'd have to have the stress again of worrying about the quality of their work and keeping them busy all the time.

        With £10,000 I would just about be able to afford a used Ford Transit Custom.

        But I'd still have to go through all the hoo har of fitting out the inside with plywood and fittings for my tools all over again!

          J
          Jess W
          August 29, 2018

          Hi, @Karsty!

           

          Great ideas! & yes, that's completely understandable. When people don't do things to your standard it can be challenging.

           

          Also, when you have a reputation to maintain, it's extremely important that you employ people who can keep that awesome reputation going and exceeding expectations! I am sure many people can relate to your experience. 

           

          How is the business? Have you been busy? :)

           

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          V
          Vickysbookkeepi
          August 28, 2018

          Convert out garage into an office 

            J
            Jess W
            August 28, 2018

            Hi, @Vickysbookkeepi

             

            Welcome to the U.K QB Community! It's wonderful to have you here :)

             

            Great idea, I would probably do the same. What would you use the office for? Your business? I would love to know more about what you do! :smileyvery-happy:

             

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            V
            Vickysbookkeepi
            August 28, 2018

            I run a small bookkeeping and accounting practice . Currently use a desk in our living room . My husband and I run the business together 

              J
              Jess W
              September 7, 2018

              Hi, Teri!

               

              Hope you're well. If you were suddenly given a big pay cheque, how would you spend the money and how would you invest in your business? :smileyvery-happy:

               

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