By putting money back into your business, you can help it grow quickly, learn from your mistakes and allows you to hire people to scale it even more.
Just a few years ago, I was saddled with $30,000 in student-loan debt after dropping out of college and taking on freelance jobs just to get by. Now, at the age of 28, I run a website that’s on pace to bring in millions of dollars this year.
People often ask how I turned a hobby blog into a lucrative business, and the answer is simple: Since the blog began bringing in money in 2011, I’ve reinvested half that revenue back into the business each year.
Here’s why reinvesting is the best thing you can do for your business, plus examples of how I’ve applied this strategy to my company. Read more: click image or title.
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