AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
From $0 to $100 Million In 3 Years Selling Cold Plunges
My First Million
The Importance of Reinvesting Profits in a Better Business
Reinvesting profits in the same business doesn't always lead to more growth. It's better to identify the threshold where reinvestment is no longer efficient and invest in a different, more promising business. This strategy is followed by successful companies like Constellation Software and Berkshire. Taking profits from one business and investing in another is the key to creating good profit. Andrew recommends reading the book 'Profit First' for more insights on this strategy.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode