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599: What Would Lu Do: Should I Spend My Inheritance?

Informações:

Sinopsis

Welcome to A Well-Designed Business, it’s time for another riveting episode of “What Would Lu Do?”, where you ask the difficult questions and LuAnn gives the expert answers you’ve been wanting. Today’s dilemma comes from an anonymous listener who has been a faithful listener of the podcast since she started her business in 2014. At that time, she took the least expensive options in setting up her business and hasn’t invested since. She received an inheritance right before COVID hit, so this designer is looking for words of wisdom on whether it’s better to hold on to the money for a household expenses safety net since her husband has been furloughed and is not likely to return to work soon, or if it’s better to invest it back into her business, along with a revised business plan. Listen in as LuAnn digs into the details, susses out the situation, and lays out her reasoning on the resolutions. If you are not working with a coach or perhaps you don’t have a business mentor or business bestie to provide guidan