What We Do with Our Profits
In episode #1732, we talk about what we do with our profits. Many young entrepreneurs who find early success feel tempted to spend their profit on status symbols. For us, the best thing you can do with your profit is to put as much of it back into your business as possible. The best thing you can do is invest in yourself, get better each day, and have fun along the way!
TIME-STAMPED SHOW NOTES:
- [00:25] Today’s topic: What We Do with Our Profits.
- [00:27] What we used to do with our profits.
- [00:40] The danger of burning profit on things that show status.
- [01:24] Why you should put your profits back into your business.
- [02:05] Taking more profit for yourself when you have a family.
- [02:54] Eric and Neil’s memories of Neil’s mid-twenties lifestyle.
- [03:55] Having fun and getting better each day.
- [03:19] Text us at 310-349-3785!
Links Mentioned in Today’s Episode:
Leave Some Feedback:
- What should we talk about next? Please let us know in the comments below
- Did you enjoy this episode? If so, please leave a short review.
Connect with Us:
Discover Latest Episodes
Some agencies win clients by inviting decision makers to Formula One boxes, but Neil prefers the way banks play the wine and dining game. Bank of America sent his CFO to a World Cup game with the hote...
Eric built thumbnail, editing and posting skills, and his long-form YouTube videos went from about 500 views to 15,000 to 25,000. Some of the team wouldn't use them, so they had to let people go, and ...
Someone added $500K in ARR in a week by putting their app in ChatGPT plugins, and Eric wants Carrot, Answer the Public and Ubersuggest in there too. Neil says that at scale, plugins help retention mor...