RazorCut
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Are these expenses (or investments) worth paying for? Since they would be used for business, including education, you can look into them being tax deductible. At least, in some way, you could justify it, right?
You have to ask yourself if that $1000 course is needed or is it just another case of action faking. A lot of people pay for courses because they believe it will move their business forward. They pay up, take the course then never use any of the information it contains.
The real reason their business is doing poorly is not for a lack of information, it is for lack of taking action with the information they already have.
They take the course because they already have the business cards, the letterheads, the photocopier and all the other action faking stuff they purchased before they even had a customer.
Never justify the investment simply because you can get a tax right off. Either the investment is good for the business or it is not. Besides it is only a tax right off against profits. Ignore the tax implications unless you are investing a LOT of money, then you should probably speak to your accountant first as there may be better ways to fund the expense.
Now, having said all that, if you truly believe that the course is going to move the business forward and you can hand on heart swear it is not part of an 'action faking' process then do it (having first checked out the credentials of the course creators of course).
I am considering attending a mastermind event in May that will cost $6000 and I think it will be worth every single cent.
What about for a highly recommended online tool that costs $100 per month? Eventually, if you can get out there and sell, the first client who signs up could cover the entire cost...if you can get those clients. The risk is in initially paying for the tool until you can find a client to recover those costs. The other option is waiting until you have the client to subscribe to the tool.
If a piece of software is vital to your business expansion then it is worth it. It can even make savings. I used to pay for a piece of software that literally replaced an office worker. It saved me over $1500 a month (plus never went sick or took a holiday). But there are lots of free tools available that will do probably 60% of what you need. And if you don't even have customers then spending $100 a month on something in the hopes it will get you clients is stupid. It won't replace taking action.
....This would include everything to get the business up and running like contracts, how to sell and gain customers, and how to eventually scale. It also gets you into a private Facebook group and weekly coaching calls.
Time for a little bit of tough love...
All that information is right here on this forum (save for the FB group and a weekly pep talk). Everything you have written seems to scream you are doing everything possible to avoid getting out there and selling your product/service. In other words Taking Action. Which is ironic as it is totally at odds with your Avatar picture.
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