ROI Calculator: Are You Wasting Money & Why?!
Channel: Carolyn Herfurth
Date: 2014-08-25

Are you wasting money and why? My simple ROI Calculator: http://www.thebiztruth.com/business-model/squander-money-assess/

In my last video, I addressed the issue of HOW entrepreneurs (myself included) have squandered money on things that don’t make sense for where we are in the entrepreneurial evolution.

Today’s video (https://www.youtube.com/watch?v=b1anAZXxryI) walks you through a simple way to assess WHY you make those decisions. No shame. No judgement.

Eye opening, indeed.

Be absolutely sure to grab the free downloadable Money Review (http://thebiztruth.com/moneyreview)  while you watch this short video to help you STOP the craziness.

NOTE: And for a limited time, you’ll also get free access to my 4-step program that shows you how to do Your Business, Your Way - when you download the Money Review.

We already talked about if you're making smart business investments. It's important to make investments for your business that allow you to see a return on your investment. It's important not to fritter money away and invest in business coaching, programs, products, software and more that are not appropriate for you and your business or not appropriate for you in your current business state. 

So, let's walk through a simple self assessment - consider it an ROI calculator of sorts. It will help you see calculate your ROI, but also expose the state of mind you were in when you made the investment in the first place. It's important to get very honest about why you're making certain investments. Here is a simple ROI formula or ROI calculator: 

First off, grab a piece of paper and a pen, open your mind and let's get honest and real about your investments. 

1. List all the investments you've made for your business, then next to what you invested in, list the amount you spent on that investment. 
2.. Now this is important: think the state of mind you were in when you made the business investment. Were you in a situation where you were really calm and clear and you felt confident? Did you feel really determined and you assessed a whole bunch of people and you made your decision from there? OR, did you make your business investment from a state of desperation? 
3. Then look at each individual business investment and calculate the ROI based on what actually worked for your business. Simple ROI Calculator: simply look at what is working for you and why it's working for you. 
4. Now look at what didn't work and why the investment didn't work for your business and why. 

Don't over complicate the ROI calculator. Don't judge yourself. Don't feel shame about it. Just do a simple ROI accounting. And just think about those business investments that you made and ask what would you do differently? What are the business investments that you do regret? What are the business investments do you feel really confident and good about and why? 

That's your simple return on investment self-assessment.