(#161) 5 Things to Consider Before Investing in your Biz

In every investment we make, we often have high expectations of getting something back in return. It may be in the form of a physical or mental breakthrough that manifests in our capability to attract our ideal clients and run a profitable business, to name a few. Now an important lesson that every business owner should learn is to have a profound understanding of what you signed up for. Joining multiple courses or programs without a clear intention in mind doesn’t really align with the core meaning of investing.

In today’s episode, we’ll look into the key points that you should note before finally saying YES to investing in yourself. Follow these preparatory steps and start committing your time & money to a particular program that will make a difference to your life, career, or business.

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Podcast Goals:  
Learn how to be well-prepared before taking future investments

 

Episode Timeline:
Investment is the action or process of investing to receive something back. It is parallel to the laws of reciprocity and attraction. (02:10)
Throughout life, people invested time and money in areas fundamental for their personal well-being, career, and business. But most of them do not align with the actual definition of investment. (04:54)
A tip for the question "Do you read and explain confidentiality to clients?" is to inform your clients of your processes and policies during a consultation or on the first session. Most clients don’t bother reading consent or policy forms because they focus on getting the urgent care they need. (11:22)
Your ROI is not only measured based on physical but also mental. Examples would be having an increased level of confidence or taking on a biz owner mindset (13:00)
Rule 1: Understand what it is that you want in your life, not just your business. Determine the type of person who will guide you to that goal. And when you are consistent with educating yourself and implementing what you learned, you will see the results being compounded at a later time. (17:29)
Rule 2: Engage with the people who have what you need. Evaluate their teaching style by following them on the platforms they’re in. (23:09)
Rule 3: Make the decision to invest in yourself. Once you’ve recognized rules 1 and 2, look at the possibilities of what you can get back from the investments you’ll make. (24:52)
Rule 4: Focus on desire vs lack. Make sure you align your energy with positivity. (28:49)
Rule 5: Look at your finances. The rule of thumb is to allocate money for a forthcoming event (30:43)

 

Standout Quotes from Doctor TK:
"The one biggest lesson I hope that you learn in terms of business is that you never sign your name on something and you don't understand what you just signed." (06:54)
"You cannot expect— if we're looking at laws of attraction, reciprocity, and the definition of investment— for clients to pay you $1,000/hr when you know your value, you know your worth, you're licensed, you’ve been in the field for how many years, BUT you haven't invested anything beyond your degree..." (09:57)
"A lot of clinicians in my Dope Therapist Academy within the first few weeks, they recognize that they've been seeing themselves as less than in terms of a biz owner. They walk around saying, I'm a boss. I'm an entrepreneur. But my question back to them is, are you a biz owner? Because if you have a business entity— even if it's a W9, DBA— you are a biz owner. Not just a little baby boss. So what you put out there to other people is known as your brand. And if you choose to continue to state in public that, oh I'm just a therapist, that's exactly how people are gonna treat you..." (13:33)

 
Resources Mentioned:
Listen to episodes on the Abundance Series

 

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