The mantra of many successful entrepreneurs is the idea that you must spend money to make money. It is also one of the biggest reasons that some people fail to act on their business aspirations, because they believe that they don’t have the money required to take their business to the next level.

I believe that spending money or reinvesting in your business can reap big rewards and allow business growth that may not have otherwise been possible. Below are what I believe are some of the best ways to maximise opportunities when reinvesting in your business.

Reinvesting allows growth in a number of ways and there plenty of ways you can spend for growth. It can be as simple as reinvesting to hire the correct bookkeepers to handle the finances or paying off old debt from the initial launch. Reinvestment can mean putting a lot of energy into marketing and reaching new customers.

Regardless of what form it takes, reinvestment is the only way for the business to grow month after month. Failure to reinvest in the business will ultimately lead to stagnation and inability to grow altogether, which is why it doesn’t make sense to store all money in savings or to pocket profits for personal spending. Read more

Mark Hearl – Dynamic Business – 31 July 2017