MBA1551 Are You Putting Too Much Money Back Into Your Business?
How much is too much to reinvest? As the founder of a small business, you’re responsible for keeping your company in good financial health. You owe it to everyone on your team — and your customers — to keep the ship afloat.
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Show Notes
How much is too much to reinvest?
As the founder of a small business, you’re responsible for keeping your company in good financial health. You owe it to everyone on your team — and your customers — to keep the ship afloat.
That’s why so many entrepreneurs pour every possible cent of profit right back into the business.
But is that sustainable? Is it smart?
Today, we’ll discuss what percentage of profits you should reinvest, and what other options you have. It can seem selfless to keep only a minimal share, but it can also hurt more than it helps — as Omar learned after years of paying himself less than everyone else on the team.
Tune in, and start thinking about what you owe…you! Click Play!
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