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Best ways to reinvests business profits
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[QUOTE="Augusta, post: 248002, member: 25283"] You have stated them and there are great points. Business profits are not meant for frivolities if one want to move the business as fast as possible. There are good ways by which you can put all that you have gained into a profitable use. The first way which will make the business to grow is to buy more raw materials for larger production if it is a production company but if it a wholesaling business then buying more in bulk will enable the company to buy cheaper and better to be able to sell cheap too. The thing about selling cheap than other sellers is that you would be making more sales which is the target for every business owner Another way of reinvesting in a business to gain big is to invest in the employees. These are the powerhouse of the business, the more they are invested on, the more people the employees would become effective and efficient in their duties. Training and retraining staff helps the business tasks to be carried out to the best of the workers abilities Then some percentage can be reserve for the expenses of the business that is mandatory to be paid than being in debt. [/QUOTE]
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