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I've just about recovered from 2 weeks of halfterm, which included the usual juggles and an overnight trip to Liverpool with my youngest for some one-to-one time.
It was absolutely lovely. Right up until I left our suitcase on the train back to Manchester.
I was hopeful we'd get it back, but I couldn't help tallying up the losses as I waited to see if it turned up. Birthday presents for my husband, make-up, sunglasses. And the irreplaceable: my son's teddy he's had since he was a baby and the World Cup sticker album he's spent every penny of his pocket money on.
We did get it back, thankfully, but it got me thinking about expensive mistakes. Specifically, the ones we make in our businesses without really noticing.
Here are five that I see all the time.
The sunk cost fallacy
You've put time, money, or energy into something and it's not working. But stopping feels like admitting defeat, so you keep going.
The thing is, continuing to pour resource into something that isn't serving you isn't commitment. It's just expensive.
Courses and programmes that never get finished
I'm totally guilty of this one. We buy with the best of intentions, life gets in the way, and the thing gathers digital dust.
The "too good to be true" sales pitch
I think of a lovely client who came to me after spending thousands on an ads course. She followed the instructions to the letter, spent £800 on ads, and sold £813 worth of her product.
She was rightly devastated and furious. And her conclusion? That she failed and was just bad at marketing.
The truth was that she wasn't the problem. The pitch was. She was sold on smooth promises and big numbers, with small print that sneakily shifts the blame onto the buyer when it doesn't work out.
This is still everywhere.
Lapsed subscriptions
The free trial you signed up for in a moment of optimism. The tool you used twice. The membership that auto-renewed without you noticing. Worth a quick audit, honestly. It adds up faster than you'd think.
Not outsourcing because it feels like a risk
I kept doing my own bookkeeping for far too long because spending money on it felt counterintuitive. But just because I could technically do it, doesn't mean I ever did actually sit myself down and logged those receipts.
Instead, I thought about it, worried about it, rushed it, did it badly at the last minute and got totally stressed.
Outsourcing costs money, yes. But it gives me hours back. And peace of mind. Sometimes the expensive mistake is the thing you're not spending money on.
Obviously I'm not sharing this to make you feel bad. We all make these calls, usually with good intentions and not quite enough information. But it's worth a little audit now and then.
Where's your money actually going? And is it working for you?
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