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Tip of the Day – Reinvest in your Business

Posted by Khamisi Benford on

Tip of the Day

Reinvest in your Business

I know it's tempting to take your earnings spend it on some new J's or the latest phone. But the best way to earn wealth is to reinvest your earnings back into your business. Warren Buffet used this tactic as a start on achieving his wealth. "One of his early investments was in high school, when he and a friend bought a used pinball machine for $25 and installed in a barbershop. The game proved to be popular with the barbershop’s clientele, so the entrepreneurial duo reinvested their profits to buy more pinball machines. In time, they had eight machines in several shops.

Eventually, they sold their venture, and Buffett used his portion of the proceeds to buy stock and then launch another business. By the time he was 26, he’d accrued $174,000 -- or $1.4 million dollars worth of value in today’s market." -https://www.entrepreneur.com/article/241196

This is your #blackfokapparel tip of the day. #tshirts #screenprinters #silkscreening #smallbusiness #entrepreneurs #detroit #tshirtlife #selfemployed #motivation #tipoftheday #innovate


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