MYTH - IF I KEEP "REINVESTING" IN MY BUSINESS I WILL MANAGE TO TAKE MORE MONEY HOME...EVENTUALLY
Reinvesting money in your business is not a bad thing…if it is done consciously, with a robust profit plan and cash management strategy.
Reinvesting money in your business when it’s just a smoke screen for spending all the money you are making is a bad thing.
Work out which you are doing...are you telling yourself you “need” to reinvest because that is what “everyone else does” - is it TRULY what you SHOULD be doing...or should you be taking more money out your business for you and your family to enjoy?
You need to INVEST THOUGHT and work out if you really are “reinvesting” money - or just simply overspending…
Are you truly “reinvesting” (remember, investments, get a positive return!) or are you really overspending?