Episode 228: Equipment Investments: Budgeting, Capital, Credit?

Hey there, everyone! Welcome back to another episode of the Female EmPOWERED Podcast. I'm your host, Christa Gurkha, and I'm thrilled to have a recurring guest with us today – Danielle Hayden, the founder and CEO of Kickstart Accounting, Inc. 

What I truly appreciate about having Danielle on the show is her ability to provide a different perspective on financial matters. I often approach things from my own angle and Danielle offers an objective viewpoint grounded in financial expertise.

Today, we're diving into the topic of investing in our businesses, particularly when it comes to equipment, growth, and expansion. Whether it's addressing capacity issues or aiming to generate more revenue, investing in equipment is often a significant step for business owners. We'll explore various aspects of this, including budgeting, financing options, and different financial management approaches.

Topics we discussed include:

Considering equipment investments to address capacity issues and generate more revenue

• Calculating potential return on investment from new equipment
• Options for financing equipment purchases like loans, lines of credit, credit cards
• Perspectives on using debt versus paying in cash
• Tips for preparing cash reserves and exploring state grants
• Reflect on your money mindset and risk tolerance when making financial decisions

Thanks for tuning in to this episode of the Female EmPOWERED Podcast! Don't forget to subscribe, leave a review, and share with fellow entrepreneurs. Until next time, keep empowering yourselves and others!

If you're interested in being a guest on a future episode, reach out to us at Christa@pilatesinthegrove.com.