The Successful Entrepreneur - Understanding Compound Money is the Key
You have no savings and every penny is accounted for.
You don't feel like you can get a new iPhone, let alone take a big vacation to Aspen to take advantage of the new snow.
You feel like you are in a trap and there is no way to get out.
The most successful entrepreneur understands that compound money is the key to great wealth; reinvest your money.
When you make a good profit, you are not getting anywhere if you do not put the initial investment in a sound account to draw compound interest and put your profit into another project.
You have to make your money work for you.
For instance, if you spend $2000 dollars on a car and then sell the car for $6000 dollars, put the initial $2000 into an account to accumulate interest, then you still have a profit of $4000 left, reinvest the money.
If you then purchase two cars at $2000 each and sell them for $6000 each you will have put $4000 into your safe account and now you have $8000 to reinvest.
And that is the key to great wealth.
To help move the product you are investing in, you will need to create a website.
Put your past projects up so that the customer can see the quality of your products.
Put up pictures of current projects and give a time line for when they will be finished.
People will be begging to buy your new project.
If you reinvest you will not only get rich, you will stay rich.