Side Hustle

Reinvesting Profits in Your Small Business

Reinvesting Profits in Your Small Business

By in Side Hustle | 2 comments

At what stage is a business profitable enough to reinvest into the company? Contributing columnist, Kostas Chiotis Reinvesting profits back into a company is a difficult by crucial step for companies who want to grow. Yet, reinvesting profits back into a business is important from day one. Warren Buffett learned about the importance of reinvested profits at the ripe age of 18. While still in high school and hoping to make a few bucks, he and a pal invested $25 in a pinball machine. They installed the game in a barbershop. The pinball gig turned out to be quite successful,...

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