Today, we are going a little more in-depth on one of the parts of our new motto for the year, “Waste Less, Share More, Live Your Why”. We specifically want to talk about all of the waste in this episode and get really specific about the ways we are cutting some of the financial waste from our business.
We know for a fact that we have wasted a lot of time and energy on things in the past, but we’ve also probably wasted a lot of money as well. We’ve been scattering our precious resources in too many places and spreading ourselves far too thin by being involved in “so many” things and using “so many” incredible but unnecessary tools.
We know just how tempting it can be to subscribe to all of the amazing services out there, opt-in to all the courses, and buy all of the tools that will “help your business run more smoothly”. In this segment, we challenge you to take a closer look at your business, your purchases, and your decisions and see where you can cut the waste.
There are so many incredible products, services, and subscriptions out there that could probably enhance our business in some way or another, but we are saying no to most of them right now and trying to evaluate what the best tools are for our business RIGHT NOW. Here are some of the main points we covered in our latest episode:
- Weigh the pros/cons of each tool against the financial commitment and what you will actually be gaining. The $5.99 subscriptions seem tempting but add up quickly.
- Investing in and using too many tools can create a sense of overwhelm and can get in your way within your business by being more of a distraction or stressor.
- Easy to get excited in your new business and want to buy all the things. Create a Wish List of things you want. You may go back and find you don’t need those things after all.
- You don’t need “stuff” to do good work or be profitable. Do the work and be your best. Use what you have for now and know that you can add more tools with time and without putting yourself in financial turmoil. You can operate without debt. There is a time and a place, a rhyme and a reason, for every tool but that doesn’t mean you need them right now.
- Do not fall into the comparison trap. It’s so easy to compare your business to others’ in regards to size, tools, and where you are spending and how much money you are spending within your business. You need to do what is best for your business in your own time.
- Occasionally, Take stock of the tools you are using to see if they are still valuable for you. We’ve been taking stock recently and realized there are some tools we haven’t been using.
- There is No Magic Bullet. Your success isn’t so much in the tools you purchase but more in the work that you do and making what you have work for you.
Let us know what your essential tools are!
Until next time,
Katey & Rachel