Preview Mode Links will not work in preview mode

Entrepreneurs in Motion

Jul 27, 2016

I’m really excited to dive into today’s topic, because how to spend your business profits is a question we all face, and it doesn’t have a clear-cut answer – but today I’m going to give you a framework for reinvesting in your business.

Tell me if this sounds familiar:

One year in, my business was generating about a thousand dollars a month. I still hadn’t quit my “day job,” and I was wondering what exactly to do with that money. Other entrepreneurs would constantly say things like, “You gotta reinvest in your business to grow it faster!” – but I was really unsure about HOW.

What specifically should I spend this money on? I was nervous about possibly wasting the profit that I’d been working so hard to earn.

To be honest, this question is still something I struggle with now.

Like I said, there’s no answer that’s going to be one-size-fits-all – but I’m going to lay out six major ways to reinvest. I’ll tell you what I did, and then I’d love to hear your thoughts – you can weigh in at

So here are six main ways to spend your business profits. Keep in mind that I’m not presenting them in any particular order of importance, OK?

Read the transcript and leave a comment: