Tuesday, 8 December 2009

Spend LESS and Spend MORE

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:
  1. What expenses can you knock off starting tomorrow?
  2. With the money saved, what new investments can you make in yourself?
  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?

RELEVANT LINKS

Rajesh Setty - Upbeat
Check out The Directors' Centre Business Club before its formal launch, promo code 'dec09' for free access this month.
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