Reinvesting in your business vs. Personal savings
How do you determine the right amount to reinvest in your business versus saving for personal income?
Forum Discussion
There is definitely no right answer for this one!! For me, this has always been a reflection of where I was in my business journey - starting up and/or growing typically makes it harder to pay yourself handsomely. Ultimately, unless you are about to sell or move on from your business, if you aren't properly reinvesting in your business, you will likely loose the ability to save for personal income sooner rather than later.
As of now there is no clear line and all of the earnings are going in to the reinvesting in the business.
Totally understandable, especially when you're focused on growth! How do you prioritize what to reinvest in first—equipment, marketing, staff?
