Quote from: Mikky02 on Today at 10:22:51 PM

What people don't understand when starting up a business is the fact that the capital in which the business is rise from show not reduce rather should increase people just go into business thinking every expenses should be placed on the business without a side hustle or another investment the business definitely will collapse we should start up a business in order to invest on the business for future purpose

A lot of entrepreneurs know they should reinvest their profits back into their business, but thats sometimes easier said than done. Coming up with the cash can be tricky, especially when you gotta choose between upgrading your equipment or making the next loan payment. And trying to live off ramen noodles so you can dump everything back into your company usually doesnt work forever.

The idea of taking all your earnings and pumping them into your business sounds good in theory. But the reality is, most owners need to strike a balance that works for their situation and maybe you split it 50/50 and put half towards expansions or improvements and use the other half to pay yourself a salary. Or you hold off on opening that second location until you've paid off some old debts first.

Point is, every entrepreneurs path looks a little different. What matters most is figuring out a smart money strategy that keeps your biz growing but doesnt leave you broke.

Reinvention is important, but so is keeping the lights on!