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Congratulations — your business is profitable! Have you considered how much of those profits to reinvest in your business?
It sounds simple, but paying yourself first can really pay off.
Financial planning often doesn’t take place on a beach. But the next time you find yourself there, try this experiment, courtesy of management and motivational guru Stephen R. Covey: You’ll need a mason jar and an assortment of big rocks, smaller gravel, sand, and water.