Maximising ROI - Advice from the community

Making smart business decisions and using resources wisely can prove to be difficult, even when there aren’t performance pressures and financial constraints in place. Leveraging creativity, research and the experience of others can go a long way in making the most of your investments – tech, business, time, customer or otherwise.

Check out the following pieces of advice from fellow community members as you keep discovering and exercising new ways to maximise all your investments (particularly if you're starting out!).

“Invest in excellent tools - such as a great laptop. You'll be spending a lot of time planning, crunching numbers, designing, writing and rewriting campaigns and then there's all your emails.... All of it best done on a machine that meets your needs and is easy to carry around with you. Make sure EVERYTHING is synced to a cloud account, just in case you drop that large morning coffee on your keyboard and the unthinkable happens.” - Kiki Paul

“To make sure that you have sufficient capital to carry you through your early mistakes, so that you are not left scrambling for cash when the unexpected eventually happens. Even more importantly, make sure that anyone you bring into the venture shares the same commitment as you." - Ivan Hamilton

“Always purchase equipment based on needs, not price. Issues can be reduced by simply making the right purchasing decision from the start. It may cost more initially working this way however long term it will cost less. You will find that you won't be purchasing gear as often, productivity will be higher and downtime will be lessened. ” - Stephen Vimpani .

“Here's my 10 cents worth....From the start have a clear vision of what you want your business to ultimately be. Then keep pursuing that vision being flexible but never compromising on your long term goal. Then "show up" every day - Plan, be patient, be consistent. Above all - be YOU.” - Brendan Blanchard

"Be clear about your pricing and costing and have plan locate your target market who will pay your full price for good or services, remembering that 80% of your profit will likely come from only 20% of your clients or product range. Be Innovative and creative and practice quality customer service to turn your clients into your advocates. - Carol Hanlon

"I suggest researching more about the existing services and what kind of business problems you are trying to resolve and how could you make a difference to the community. Constant updating your skills and better customer service would help you win clients trust. Seamsess network equipment with uninterrupted business can help for on the goals to achieve and Lenovo is the answer for the solution." - Durga Konduru

See more amazing pieces of advice from our Community here!

Additional Spotlight ROI resources

Don’t forget to checkout our full week of extra coverage on how your small business can maximize its investments.

Have a favourite piece of advice? Want to see more member contributions? Have something else to share? Let us know in the comments below!