Numbers And Education
Episode description
Shaz looks at how the best return you can make is through investing in your own
self-development and education and looks at the value of understanding the numbers in any deal
Every day should be a day for learning something new and if you have an open mind learning new things every day is a possibility and will help as you scale and grow your business
KEY TAKEAWAYS
- You need to get the numbers right. A budget is an estimate based on the information you have about costs
- You need to try and stay within budget or beat the budget
- As soon as you can hire people, delegate tasks and focus on the things you are good at
- Make sure you set up your business in the right way with good foundations to build on and put procedures and systems in place
- There are good deals in bad times and bad deals in good times, look for the sweet spot that works best for you and stay with it
- Don’t be afraid to pay more when you can see the added value and a deal that works for you
- Invest money in self-development and education Stay humble and grounded and always be open to learning every day
BEST MOMENTS
‘For most people, their home will big the biggest ever spend they will do in one go’
‘Make sure you have a realistic and sensible budget’
‘The best return is on the money you invest in yourself’
VALUABLE RESOURCES
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on: