The Smart Way to Decide on Any Big Asset Purchase
You are about to buy something big for your business.
Credit card in hand.
You think you are ready… until that tiny voice pipes up:
Do I actually need this?
Is this a smart move?
Will I regret it later?
This is exactly why we made our Asset Purchase Decision Tool.
It is quick. Two minutes tops.
And I am telling you… we will find some way to make this purchase make sense.
I'm basically your bad influence shopping buddy, but with spreadsheets. 🤓
Question 1 – Will it make you more money?
Think extra revenue, not “someday, maybe” money but real, measurable increases.
- Will you be able to take on more clients or orders?
- Add a brand new service or product?
- Raise your prices because what you offer just got better?
No? Okay. Let’s try another angle.
Question 2 – Will it save you measurable time?
Time savings means cost savings and sanity savings.
- Will it replace a slow or manual process?
- Cut production or delivery time significantly?
- Free you or your team from repetitive admin?
Still no? Fine, fine... we have more.
Question 3 – Will it give you a competitive advantage?
Sometimes the win is about standing out, not speeding up.
- Will it make your product or service look or feel next level?
- Help you offer something your competitors cannot?
- Improve quality in a way customers notice and value?
Also no? Yikes. But I am not giving up.
Question 4 – Will it pay for itself quickly?
Quick payback means less risk.
- Take the cost, divide by the extra revenue or savings per month.... how many months until you break even? If that number is small, it is much easier to justify!!
Another no? Wow… okay.
Question 5 – Does it have any “intangibles” worth counting?
Yes, the “vibes” section is allowed, but keep it reasonable.
- Will it remove a massive frustration?
- Make your work day way more enjoyable?
- Boost confidence or spark new ideas?
Still nothing?
WHAT ARE YOU EVEN BUYING?!
You: “It is a life size statue of myself.”
…
…You know what?
Screw it. Just buy it. 😈
If you want an easy way to remember these questions and put all your thoughts and the math in one place, I already made it for you.
What is knowing you made the right choice worth? Or avoiding the wrong one?
What could you charge a client for helping them make this decision?
... If your answer is higher than $29, you should join The Ayrre Club.
Think of it as your bookkeeping business HQ! All the resources, tools, and know-how to launch, run, and grow, in one place.
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