fbpx

9 Savvy Ways To Spend Leftover Investment Club Budget.

3. Diversify your investment options. You should not get caught up in your area of expertise, try and learn as much as you can about other industries to take advantage of the best opportunities there. Diversification will not only vary your stream of income as an Investment Club but will also protect you in case one industry suffers as a result of changes in market forces. Real estate investors could venture into the transport industry, or investors in software technology might also decide to buy stock in a company they find to be valuable.

4. Bookkeeping software. When an Investment Club is just starting, the budget might not be able to accommodate a professional bookkeeper. However, as cash flow increases, it becomes irresponsible not to streamline this process. Having specialized bookkeeping software will not only help monitor the Club’s accounts but should also be incorporated in any resulting businesses as they grow. The customized digital solutions we create here at Kanzu Code adapt to any structure, providing auditable records for both your Investment Club and your business.  

5. Reimagining marketing. If your Investment Club is working with a surplus, then you probably have understood the value in a good marketing strategy. A savvy way to spend any leftover budget would be to optimize all possible avenues available to you. If you already have a social media presence, you could consider in-app advertising to target a specific audience, or email-software to automate the marketing on this platform. You can also decide to reach your clients via mainstream channels like print and broadcast media.

6. Invest in business assets and improve their value, which in turn will enhance the experience of your customer base. A better customer experience will inevitably translate into more sales. For example, a transport company could invest in car detailing, a hair salon could furnish a lounge area or repair faulty equipment, and a restaurant could replace old tableware or redesign their menus.

8. Training: More than rewarding your employees, you want to ensure that their skillset is formidable and continually improves to keep up with changes in the industry. Creating exciting team-building exercises or outsourcing workshops to industry experts could go a long way in improving the performance and morale of your team.

Share this post.

Facebook
Twitter
LinkedIn

Related posts

Kanzu Code, 10th year anniversary

A Decade of Empowerment: Celebrating Women in Tech at Kanzu Code

As Kanzu Code approaches its 10th anniversary, we’re reflecting on the incredible journey that brought us here. From being housed in a single room in Najjera to a thriving ecosystem of four companies (Kanzu Code Limited, Kanzu Code Foundation, Kanzu Code Inc., and Kanzu Finance Limited), our growth is a testament to the dedication of […]

Lessons for the Investment Club- Kanzu Code

Why Nobody Cares About Investment Clubs.

In spite of the numerous benefits that come with an Investment Club network, a number of people remain indifferent to them. Preferring to invest individually, or choosing the riskier option and not investing at all. I am going to now tell you 7 reasons why I think people continue to ignore Investment Clubs as a […]

Time, wealth - Kanzu Code

24 Hours To Improving Wealth.

Do you know that there are certain things you can do right now to improve your wealth? And I am certainly not talking about a quick gamble that promises everything and yet never delivers. I am speaking about intentional lifestyle changes that not only set you on the path to financial freedom but make sure […]

Kanzu Code, 10th year anniversary

A Decade of Empowerment: Celebrating Women in Tech at Kanzu Code

As Kanzu Code approaches its 10th anniversary, we’re reflecting on the incredible journey that brought us here. From being housed in a single room in Najjera to a thriving ecosystem of four companies (Kanzu Code Limited, Kanzu Code Foundation, Kanzu Code Inc., and Kanzu Finance Limited), our growth is a testament to the dedication of […]

Lessons for the Investment Club- Kanzu Code

Why Nobody Cares About Investment Clubs.

In spite of the numerous benefits that come with an Investment Club network, a number of people remain indifferent to them. Preferring to invest individually, or choosing the riskier option and not investing at all. I am going to now tell you 7 reasons why I think people continue to ignore Investment Clubs as a […]

Mistakes with Wealth - Kanzu Code

7 Horrible Mistakes You are Making with Money.

Are you spending only what you earn? Do you investigate before you invest? Are you saving now while you earn, for later, when you retire? These are all things you must consider about the money you have now, otherwise, you soon will not have any. The big responsibility with money is not in making it, but […]

Wealth -Kanzu Code

4 Cliches About Wealth You Should Avoid.

The most common misconception about wealth is that it is determined by how much money you make. However, there is more to it; it especially is about how much money you keep. And even though making money is hard enough, holding onto it is harder. This process is not helped by society or culture.  So, […]