You’ve heard of ROI – return on your investment. It’s where you figure out if the amount of money you invest comes back to you at a greater return, whether that is a profit or cost savings. Technically your ROI could be negative, which means you lost money.
You may have heard of ROTI – return on your time invested. You look at where you are investing your time and determining whether or not it produces a return.
I have a new one to share: ROR – Return on Relationships.