Business Words Ep 7. - Resources
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Business Words Ep 7. - Resources
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About this listen
Managing Business Resources: Time, Money, and Energy
In this episode of Business Words, Maria Chapman and Stephen Duetzmann explore the three essential resources every entrepreneur must balance: time, money, and energy. They share practical strategies for optimizing these resources to achieve business success.
- Success requires having an abundance of at least two resources
- When one resource is limited, you need more of the others
- Strategic planning helps optimize resource allocation
- Importance of paying yourself as a business owner
- Smart technology investments can significantly boost productivity
- Recommended financial allocation: 50% pay, 40% operating expenses, 10% taxes
- Value of investing in personal development and learning
- Using AI tools to optimize workflows
Maria Chapman (Connected Ghostwriting) and Stephen Duetzmann (Side Quest Solutions) share insights from their entrepreneurial journeys.
New episodes of Business Words are released bi-weekly on all major podcast platforms.
Tags: business resources, entrepreneurship, time management, financial planning, business strategy
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