They say you have to spend money to make money, but is it true for your business?
Making sense of your company’s operating costs can be tricky, but there are some cases where shelling out a little cash if you’re ready will pay off in long run.
So whether you’re investing in a new product that will help you penetrate a new market, or upgrading to a more experienced (and more expensive) workforce, you don’t always have to live in fear of your balance sheet.
Check out the videos below to learn how other entrepreneurs approach operating costs, and get inspired for your own ventures.
Investing in the right staff
Keep your operation lean, and spend money where it really counts: People.
Spending to create growth
You can’t be afraid to invest in growth, even if the investments don’t always pan out.
Making the right investments
All businesses have to spend money, but great business know when and how to save.
Dealing with lawsuits
Keeping a cool head and finding a great attorney can help you overcome legal troubles.
Investing in the community
Not all investments have to make money. Investing in your community shows that your business is committed to being a great partner.
Investing in a growing staff
Keep your operation lean, and spend money where it really counts: People.
Acquiring another business
Avoid making hasty decisions. Consider whether you’re buying the right business for the right reasons.
Spending on small wins
You don’t need a ton of capital to create incremental change in your business. Start small, then reassess.
Investing in a well-trained staff
You have to spend money to make money, and giving your staff the proper training will pay off in the long run.
Brought to you by Capital One Spark Business. Learn More about what the Spark Cash Card can do for your business here.
