With the current COVID-19 climate we’re all living in and the economic stress it has caused a lot of businesses, particularly for Health Practitioners, I want to talk about what to do with your money in times of crisis.

Expenses vs. Investments

When it comes to money, you have expenses and investments or liabilities and assets.

A liability is something that takes money out of your pocket on an ongoing basis, and asset is something that brings money into your pocket on an ongoing basis.

With regard to your expenses, go through your statements and look at things that are taking money out of your pocket that are not adding to your business, your growth, etc. you may want to look at cutting some of those things out temporarily.

With regard to your investments, that’s something you want to double down on.  Believe it or not, the number 1 investment you have is yourself.

You never lose by investing in yourself.

The next two things you want to invest in is your business and coaching.

Now Is The Best Time More Than Ever To Run Facebook Ads

If you’re not running Facebook ads, you really need to. Now is the best time more than ever to run ads as the competition has dropped out and Facebook the cost of running Facebook ads has dropped.  Plus with more people spending time on social media, you have a more captive audience and more eyeballs than ever before.

People Are Looking For Leadership In This Time Of Uncertainty

People are afraid and they are looking for guidance and certainty.  Now is the time to invest in coaching so you can be a better coach to your clients to help guide and navigate them through these uncertain times.

This is a great time for you to really step up and be a leader to your tribe.

If you need help navigating through these times and how to come out of this stronger than ever, I invite you to go to workwithyuri.com where you can book a call with us and we can give you clarity as to what to do and what not to do right now and we can talk about what the next step might look like for you.

In This Episode I discuss:

00:00 – 02:22 – Introducing Today’s Topic

02:22 -10:00  Expenses vs. Investments

10:00 – 12:55 – Now Is The Best Time More Than Ever To Run Facebook Ads

12:55 – People Are Looking For Leadership In This Time Of Uncertainty

Subscribe

If you enjoyed this episode, head on over to iTunes and subscribe to Healthpreneur™ Podcast if you haven’t done so already.

While you’re there, leave a rating and review.  It really helps us out to reach more people because that is what we’re here to do.

What You Missed

In our last episode I shared with you 8 reasons why people aren’t buying from you and this is very important particularly with the current COVID-19 climate we’re in.

If you missed it, you’ll want to grab a pen and paper and take notes because this is extremely important to the viability of your business.

You can catch the full episode here: 8 Reasons People Aren’t Buying From You