Success on a Budget
The best thing I ever did for myself as a business owner was to become a student of success. That meant plunking down some cash to get the knowledge I now have. I truly believe that small business owners must never stop learning. When we stop learning, we stop growing and our businesses typically follow.
Today, I’m consistently investing in 5-figure coaching programs and I have no doubt I’d be investing in coaches that cost 6 figures before long. Hard to believe, but I didn’t start out that way. I started out on a budget. Here are 5 budget-friendly ways to get some revenue-producing knowledge for your business.
Magazines cost very little. Typically $15-$30 a year (even less sometimes). Sign up for Entrepreneur Magazine or even better Millionaire Blueprints. Even my teenager is subscribed to the teen version of Millionaire Blueprints and he devours it. I recommend this magazine because it’s full of stories on how people created success. How they overcame the odds, how they remained persistent, and how they succeeded. Basically, success recipes. Feed you brain this kind of stuff every week and success will no-doubt become the way you think… and the way you are.
I remember constantly being on in my search for how to create a successful business. And there were times I’d search for a book on Amazon, check out the user-reviews, then call my local library to borrow it (zero dollars). Books like the Guerrilla Marketing book series and many others. I devoured them all because it was all I could afford at the time.
I didn’t complain that “I didn’t have time to read.” I just did. I found the time because I was determined to feed my brain recipes for success. Don’t forget books on success mindset as well like Think & Grow Rich and Who Switched Off My Brain. Also check out the No BS series of books by Dan Kennedy for some unique marketing advice.
Just do a Google search for free teleseminars. They are happening every single day. Sign up and learn something. You’ve got nothing to lose. If you don’t like it, you can get off their list just as easily as you got on. I listen to about 6 teleseminars a week. Some free and some are included in the coaching programs I’m in. But all of them teach me something. Even if I get just one idea, it was well worth it.
Home Study Systems
If you cannot invest in a high-priced coaching/mentoring programs, a great alternative is to get the home study version. It’s always less expensive and they are rich in content. Read the testimonials to get a sense of what is valuable about the product. Most have some kind of money-back guarantee so you can check it out risk free. “Do it Yourself” home-study options are a great low-cost way to boost your business knowledge and your revenue with profit-generating new ideas and strategies.
In every city, there are low-cost seminars. Typically 2 hours to half day and many are free. Sure, the free ones mean you’ll get a sales pitch at the end, but you can graciously decline. Even if you get just one idea to pump into your business, that’s one idea you didn’t have before. Check your Chamber of Commerce, or just Google “business seminars” in your area. Search around, you’ll find them.
Often people ask me how I found my 7-figure mentors or how I got the vast amount of business knowledge I share with them. The answer is sheer determination. A burning desire to succeed. Whether you have lots of cash to invest or very little, if you’ve got a burning desire, you’ll find countless ways to increase your business knowledge. And if that knowledge is translated into ACTION, you’ll see an increase in your revenue as well.