The Tool Every Entrepreneur Should Steal from Wall Street: The Reinvestment Rule

**Send us a Text Message! Please include your name and email so we can answer you! Please note, this does not subscribe you to our email list, it's just to answer if you have a questions for us.**If you were starting your business from scratch today, what would you absolutely not choose again?In this episode, I'm sharing a simple decision-making tool I learned in my business school finance class (borrowed from the world of portfolio management), which shows how entrepreneurs can use it to make smarter choices with their time, money, energy, and focus.From underperforming team members to glitchy tech, offers that are not landing, or vendor relationships that feel off, this episode will help you spot what is draining your resources and decide what deserves your next investment.ReferencesEp. 47. The Inversion Rule: Stop Quietly Killing Your Clinic’s GrowthWant to join a premium, 10-month immersive experience exclusively for female clinician entrepreneurs ready to scale without sacrifice? Enrollment is now open for the next round of The Female Founders Accelerator, starting in September.Download my free guide 6 Steps to Opening a Clinic here!Book a free discovery call todayAudio Stamps[00:50] [What the reinvestment rule is] The decision-making tool Amanda learned in business school and why she finds it useful for making tough calls in your business.[01:41] [The key question to ask] The single question portfolio managers use to decide what stays and what goes — and how it keeps decisions forward-looking. [03:35] [Thinking like an investor] Always put your next dollar in the best available option, and don't let old decisions trap you. [04:46] [Translating it to your clinic] Applying the rule beyond money to time, energy, focus, and relationships.[05:48] [The four psychological traps] The mental traps that keep you holding onto what isn't working: sunk cost, identity/ego, status quo bias, and hidden fear.  [09:00] [Putting it into action] How to start applying the rule to your business today. To work with Amanda Sabicer or find out more, check out her website at www.amandasabicer.com.