Eat Blog Talk 651: The Hidden Costs Draining Your Business (And How to Stop Them) with Amy Roskelley
In episode 650, Megan chats to Amy Roskelley about how a no-spend year changed her life and how we can implement the same strategy to reduce business costs and ultimately make more money.
Amy Roskelley is the owner of the online nutrition resource, Health Beet. Health Beet is a resource for nutrition educators and families with a goal to improve their health through diet and exercise. Amy has a bachelor's degree in Community health from BYU and a Masters degree in Business from the University of Utah. Amy's a certified personal trainer, published cookbook author, certified personal chef, NPC Competitor, and marathon runner.
In this episode, you'll learn how to identify which tools and services are essential for your business and why saving money now can improve the your life later.
Key points discussed include:
- Review your expenses regularly: Closely examine your monthly and annual business expenses to identify areas where you can cut costs without negatively impacting your operations.
- Prioritize essential tools and services: Determine which software, platforms, and contractors are truly essential to your business, and eliminate or reduce the rest.
- Automate and streamline processes: Look for ways to directly integrate tools and eliminate the need for expensive third-party integrations or workarounds.
- Focus on content creation first: Before investing in optimization tools or services, ensure you have a solid foundation of high-quality content that resonates with your audience.
- Embrace a minimalist mindset: Adopt a simplified approach to your business and personal life, focusing on the essentials and eliminating unnecessary expenses.
- Diversify your income streams: Explore opportunities to generate passive income through investments or additional revenue sources, reducing your reliance on a single income stream.
- Manage emotional burnout: Recognize the emotional toll that fluctuations in traffic and revenue can have, and develop strategies to maintain a positive mindset.
Connect with Amy Roskelley