Investment Principals for Entrepreneurs #6

Invest Wisely

We aren't just talking about the stocks and bond you put your money. We are talking about your future entrepreneurial ventures, the investments in your current business and your people. 80% of your resources should go toward the core business and 20% of resources towards new ventures. In other words, put your money into the product or customers that make you the most revenue. If you can provide them a higher quality service or product, they will remain your best asset. Investing wisely also means saving. In a previous post we talked about cash being king for the business owner. Don't forget that. Just because you have the money, does not mean you should spend it. Lastly, don't forget the people you have hired and trust to run your business. Take extra care of them and they will do the same for you.

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