Marketing School | Digital Marketing | Online Marketing
When Should You Take Profits In Your Company?| Ep. #983
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:10:07
- More information
Informações:
Synopsis
In episode #983, we discuss when or if you should take profits from your company. Tune in to hear when you should plan for this. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress here! TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: When Should You Take Profits In Your Company? [01:02] Neil started a company when he was 16 and didn’t start taking profits until he was 20/21. [01:21] He thinks he was foolish for waiting so long. [01:35] If you need the money, take what you need to survive. [02:24] It’s also wise to reinvest your profits. [02:50] Things can go wrong, so putting profits aside for emergencies is smart. [03:35] Know your living expenses, so you can determine what you need. [04:05] Maybe you want to travel or live a good life; if that is important, take the profits. [04:41] Some companies don’t do dividends, because they are r