Rajesh Setty has a nice spin on the "money in faster: money out slower" ratio I use when looking at businesses in recession. See his book Upbeat.He argues that we need to continue spending on "investments" and continue cutting on "non-critical expenses".
So his list looks as follows:
- What expenses can you knock off starting tomorrow?
- With the money saved, what new investments can you make in yourself?
- Even if you can't cut any expenses, what new investments should you make in yourself today so that you are prepared for tomorrow?
RELEVANT LINKS
Rajesh Setty - Upbeat
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10 comments:
ho,ho ho ho!
Pull the other one.
Santa
This is exactly the sort of drivel that only morons would ever believe in. Get rich quick! Yeah. Whatever.
I presume this is a joke and not a serious posting.
Who was the prankster? It isn't 1st April yet.
Madge
Like Robert I'll put my answers afetr the question...
1. What expenses can you knock off starting tomorrow?
ANSWER Have met this morning with ofice manager and have already identified 300pw we certainly don't need to be spending.
2. With the money saved, what new investments can you make in yourself?
ANSWER will sign up for a monthly coach session on time & performance management
3. Even if you can't cut any expenses, what new investments should you make in yourself today so that you are prepared for tomorrow?
ANSWER a robust business plan, and clear priorities list, with partners in crime all in place.
So this blog should save me 300pw which is 15k pa we would have let continue to dribble out.
Pat
Who in their right mind would click on one of those links?
Upbeat is a curious book which never quite makes it. Just as it gets going it misses the mark. Well referenced (Seth Godin testimonial) but this isn't something I would go out and buy for my clients.
Jim
I have to say that the Setty book is a bit uneven. Not the greatest but worth a read on the train.
Signing off after a big commenting session (five or six). That is what you (or we) want!?
Tracy
Great to see all the comments.
I agree re the Setty book.
Robert
Who in their right mind would click on one of those links?
ho,ho ho ho!
Pull the other one.
Santa
I got $100,000 daily for 5 days,Do you want?
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