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What It's About
To take profits or reinvest, that is the question.
Notes from Chris
Episode 2090
It’s good to reinvest in your business, but not at any cost—in fact, I think it’s important to invest in yourself and pay yourself. Today’s caller wants to know how much you pay yourself vs. reinvesting to grow the business. Great question!“I’m starting to make real money in my fabrication business, and now I have a dilemma. This is a good problem, of course, but it's still a problem: how much money (percentage-wise) should I reinvest back into my business? I like the idea of putting a good bit back in, especially if I can use it to make even more money in the future. But I've also heard that it's good to take some profits. How would you advise me? Is there a certain percentage I should aim for?”Listen to today's episode to learn more...
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