In the early stages of your business, you’ll likely see a very lean profit margin or no profit at all, so any money you do make should go directly to helping you grow.”A startup’s ability to invest in itself [helps] accelerate growth,” Lanng said. “In those early years, it’s critical to make sure that you’re redirecting any revenues back into the company. It’s vital to invest early and heavily in order to grow quickly.”While it might be tempting to pocket all your profits, it’s better to invest in your business’s growth so you can reap bigger benefits later. Determine which parts of your business need more attention: For example, do you need to hire more workers, expand your marketing efforts, or secure additional funding? When you find a crucial area that needs improvement, give that area your financial support.
How to Invest in Yourself for a Better Life
According to countless scientific and academic sources — including the Centers for Disease Control, National Institute on Aging, and the American Heart Association — daily exercise has been linked to more energy, more productivity, reduced stress, improved brain power, better memory, and even increased creativity. It’s the best way to maintain a healthy weight, improve your mood, ward off disease, combat mental health conditions such as anxiety and depression, and improve your focus. Harvard Business Review states that the benefits are so great that regular exercise should be part of everyone’s job description. You’ll be a better worker, a better team player, and a better problem-solver when you make exercise a habit.Keep setting micro-goals for yourself like this. If, after 12 minutes you still feel tired or grumpy, then by all means, throw in the towel and hit the couch. But chances are that after 12 minutes of movement, your endorphins will be flowing and you’ll have more energy — at least enough to make it 20 minutes, and then maybe 30. Before you know it, you’ll feel better, and you’ll have gotten your exercise in for the day.
You may love them or hate them, but the truth is setting goals will help you accomplish more. Once you’ve identified a goal and written it down, you’re more likely to change your behavior and take actionable steps to achieve that goal.Goals also help clarify what you want. Instead of having a vague dream or occasional wishful thinking, setting a goal helps uncover what you truly want. More importantly, it’s the first step in figuring out what you need to do to get there. Once you’ve set a goal you can focus your attention and channel your energy to achieve it.
Strengthen Your Current Skills
No matter what you do, you already have and use a wide range of skills in your career and your life. But are you considered an “expert” in the skills or areas you rely on most? Probably not.Honing the skills you rely on most is one of the best ways to invest in yourself. After all, you already have a foundation of knowledge in at least one particular area. It’s far easier to become an expert in a field you’re already familiar with than one that you know nothing about.If the field you’re in now is one you plan to stay in, then it’s worth your time and energy to become the best at what you do. Daniel Coyle’s books “The Talent Code” and “Little Book of Talent” are two great resources for learning how to build expertise efficiently to maximize your time.
Learn a New Skill
Another great way to invest in yourself is to keep learning throughout your life. Learning a new skill not only keeps your mind sharp, but it also adds yet another tool you can use to perform better in your career, qualify for a promotion, or even start your own business.
Attend Seminars and Workshops
Seminars, conferences, and workshops are excellent opportunities for investing in yourself for a few reasons.First, these events help expand your knowledge in an area or field you’re already familiar with. Advancing your knowledge and skills can help you build expert status and make you more effective and productive in your current role.They’re also great networking opportunities. Meeting and chatting with other professionals in your industry is a great way to make connections and meet other like-minded people, or find a mentor who can help you in your career.
Keep a Journal
Keeping a daily journal might sound like a surprising way to invest in yourself. After all, what will scribbling in a journal every day do to help improve your life? But daily journaling forces you to be more self-reflective, and this can be an important element of self-care. Writing out your thoughts and feelings gives you the opportunity to release them in a safe, nonjudgmental space.