How much should you spend on training or personal development?

I have so many small businesses approach me who are not managing to make enough profit from their business, or even any kind of profit at all, that one of the first tips I have for them is cost management.

It’s harsh, but fair to say that if you haven’t earned it yet, then you shouldn’t spend it – not if you would love a successful business in future.  It doesn’t just affect the bottom line, it also affects the energetics of the business.

Then it’s important to analyse your spending habits in the business and make sure that the percentage spent on each area is reasonable – plus that where possible it actually helps to move the business forwards, so there is some form of saving or earning from it.

This can be really tough when you are surrounded by adverts on social media all day long telling you that you NEED this new shiny course – they have the strategy that will sort everything for you and you won’t be able to succeed without it!  Especially if you are a lover of learning new stuff!!

So here are my tips for how much to control your training or personal development costs (from a recovering addict for personal development courses and books!).


This is a slightly ironic tip for 2 reasons … My biggest vice is spending stuff on learning things – I’ve literally had to hand cuff myself to stop this addiction to new sparkly things to learn.

Plus one of my services is courses for small businesses and I’m also back doing consulting in the corporate market!

But even so, I firmly believe that us small business owners need to keep a strict tab on how much we spend – my new goal is to not spend more than 10% on training or personal development.  If I want to do an expensive course/program, then I will need to earn more in order to do it.  Plus I now keep tabs on those no-brainer priced memberships programs, as I had built up a large number of them and it all adds up.

When I do invest in anything now, I do expect a palpable return or saving.  Whilst spiritual development is important, It’s not ok for a course/program for businesses to not be built around either saving you money or making you money.

Otherwise what it does is add to the pressure of making more money – and most small businesses already have enough of that!  I think it’s reasonable to expect 5-10x your investment – that’s certainly what I aim to deliver or more!

Plus to help with new shiny object syndrome, I sit for a moment and think ‘Is this course a 100% Yes course?’ or am I interested because I’m worried about missing out or have fear about something?  For me to spend my time on it, even if it is FREE, it needs to be 100% something I want to do.

Hope that tip helps, let me know what you think?

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If your business needs a boost, I’ve got just the thing for you (yes, ironically I am now mentioning purchasing a course LOL!) – My Business Booster program!

Plus if you are watching this before the end of Nov 2019, it’s FREE for one more time starting on Fri 15th!  But even after that, it’s really affordable, as it’s aimed at businesses that need a boost or are just starting out.  Plus once you are in, you can re-attend any time (it will run 4-6 times a year).

You’ll get both a practical and energetic boost for your business and a health check to make sure there are no gaps that will cause you trouble.

The last group loved it so much, they are all attending again – check out their testimonials and more information here:

Business Booster

I really love this course, so I hope that it feels like a ‘100% Yes’ for you and I see you in there!

Video Wed: THANK YOU! I’m a finalist in the MAD Awards! Please Vote for me!

Wow, A huge thank you to firstly the person who nominated me for Best MAD Small Business Award (That’s not ‘mad’, it’s Mum and Dad Bloggers, which is sort of ‘mad’!) and then all the people who kept nominating me so that the judges picked me as a Finalist!  I had huge tears in my eyes when I checked yesterday, as it came as a massive surprise and I’m really, really chuffed to be a finalist!

It’s great that the other people are fab blogs, because now if I don’t get picked to win, I can comfort myself with the fact that I like them all – phew!

HOWEVER

I would love, love, love, love, love to win!  So please vote for me! Here’s the link

http://www.the-mads.com/vote.htm

Now some of you might not know who the hell I am, so here is a little broadcast on behalf of the Mummy Whisperer, so you know what it is that you are getting …

My plan is complete world domination ;o)

  • To bring Mums together and show us our similarities, not our differences
  • To knock a few heads together
  • To help Mums enjoy being a Mum and know they are fantastic
  • To help Mums get that sparkle back in their lives
  • To give them a realistic and balanced approach to life, rather than one that they can’t possible achieve
  • To stamp on ridiculousness
  • To get a book out there on the shelves of waterstones, so that I can help all mums for just £6 and give them a great basis to work from

What am I doing about it?  Well I’m blogging a lot ;o)  There’s my weight loss tips, my exhaustion tips, there’s all the blogs I wrote about bullying and my new question corner.  I do free facebook webinars, and more organised free 1hr webinars where you register.  I’ve written ebooks, workshops and now a pile of online programs.  Only a tiny, tiny, tiny percentage of the people I meet through my blog end up being a client; but thats what I love about it, because I can reach out to hundreds of Mums including existing clients and be there whenever they need a little bit of help.  So vote for me, and you could be helping me in my plan for world domination and the thousands of Mums out there that need a boost in their lives (just thought I’d add a touch of sentimentality and guilt to persuade you!).

And to say ‘thank you’ again for voting for me, here is something to make you laugh ….