So You're Making Money Now... What's Next?

[00:27] Today’s Topic: So You're Making Money Now... What's Next?

[00:48] Neil’s current salary is $0 and he dumps all profits back into his company.

[00:55] He has no other passions, so what would he do with the money?

[01:10] Neil thinks a business is like a baby and they only want to nurture their baby.

[01:30] Take the absolute minimum salary that you would need. Don’t forget you have to pay taxes on your income!

[01:45] Putting your profits back into your business is the best ROI.

[02:15] The best bet is always the one you take on yourself.

[03:05] If you have other aspirations besides your business, that’s cool, but if you want to further your business, always reinvest in it.

[03:32] If you’re content and don’t care for more money, take the money and do what makes you happy.

[03:50] OR you could hire people to run your business and take it to the next level.

[04:22] If you want more, but aren’t a great leader, hire the right people to run your business.

[04:45] Be ok with letting go of control.

[04:56] Read the book Rocket Fuel for inspiration.

[05:10] The COO Alliance is the only organization in the world that wants to help the number 2 leader in every company.

[05:37] Invest in your number 2, because they will be the driving force of your company.

[05:44] That’s it for today!

[05:47] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

So You're Making Money Now... What's Next? | Ep. #666