(#353) How Much Money Should I Invest in my Business that is SAFE?
How much money is best to invest in a growing business?
Whether your business is in its initial stages or already generating revenue, let's crunch some numbers and determine how much is your ideal investment fund.
Join me in this episode as we dive into how much money you should invest while maintaining a healthy cash flow. We'll determine the ideal percentage of your revenue to allocate toward your investment funds based on the current stage of your business. We'll also delve into the tangible benefits of investing in your back-office systems and mastermind programs and provide examples of how these investments can positively impact your business.
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Timestamps:
- Ideal investment fund if your business is in the beginning phase (01:39)
- How much money is best to invest if your business is growing? (06:31)
- Episode recap (14:06)
Standout Quotes:
- (04:11) "When it's the beginning phase..., and you don't have those systems and things in place..., expect to invest around 20-25% of your gross money or revenue."
- (06:41) "If you are... already making money..., if you're doing like a rinse-and-repeat and just focusing on growing..., then you can expect to invest around 10-15%."
- (15:43) "At the end of the day, you should have an investment fund. And you should look at, 'What is the value of what I'm getting based on what I want?'"
Resources Mentioned:
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