WIBO Week 10 – Making a Profit: Purchasing

This week in WIBO we plan for the next investment that we’ll make in our businesses.

Whether it’s staff or equipment, we’re reminded that we have to evaluate the potential return for that investment beforehand:

* How much will we make as a result of purchasing an item, or hiring an employee?

* How soon will we get that money back?

* How else could we use that money?

These questions and others help us to decide how to spend our money wisely.

Our workshop leader says that it’s all downhill now that we’ve completed the breakeven analysis sections.

I am doubtful… 😉

For more information about the Workshop in Business Opportunities (WIBO) course, visit WIBO.org