To Reinvest or Not

Advice that should be heard more frequently is to reinvest in business ventures that payoff. It is virtually ancient advice. Continue doing what makes you successful and stop doing what fails. Sometimes there is difficulty in understanding what this means. When earning money reinvest in what made the venture successful.

If it was moving furniture buy gloves and a back brace. If it was broadening a consumer base invest in advertisements. These are two different types of reinvestment, though it is confusing. Basically, if a person was working out of their home and have customers they need better equipment. If they have necessary equipment they need to generate more customers; therefore, invest in newspaper, magazine, internet or television advertisements for expansion.

Sometimes people need more skills. They won a competition in high school. This is fine for years and people consider them lucky; however, they should invest in education to continue being the best.

This isn't new advice. Paying attention to sports, especially X-Games and Surfing, Shaun White is known for giving advice to reinvest. He reinvested with a ramp, so he could practice. This assisted in better tricks and he continued to win. It worked, yet Shaun White is not the only person who built or bought a ramp for practice. For others it was not a successful reinvestment. They did not win gold metals after the venture, though they owned a ramp and probably the land wherein the ramp was built, yet it was still worthwhile.

In the past surfers would gain popularity by winning championships to build businesses for selling equipment. Eventually they could retire and still do what they love doing the most, surfing. Some became moguls and others became shop owners with beachfront property. Either way it turned out okay.

Some equate levels of success to the amount of time, dedication and effort the person places into development, yet it often appears luck was ever-present, along with a strategy. Shaun White is interviewed on several programs and announcers often mention he developed a new stunt no one ever tried before. It usually gives him an advantage and might be why he scores higher than other people in X-Games and Olympics. Even with a strategy someone else might perfect the 1080 or invent an even better trick.

Being a part of the community allows sponsorship to become reality. Business owners only need one champion to promote their store, yet there is a chance of someone being better.

Reinvesting is an awkward challenge. Most business is not as clear as winning first place in a major competition. There are a series of wins through breaking even, turning a profit, noticing significant growth or witnessing any sign it will turn a large profit in the future. There are potentially several vague years wherein a person must try to do the best they can constantly and hope it will pay off; however, there are some reinvestment that never go wrong.

On the high side: land. Land is always a good investment. There are only two reason land does not pay off, because land is also shelter, place make products or means of making money. If the business goes under sell the land to buy a home. They can lose an initial investment through foreclosure or tax evasion.

If a person sold a script to a Los Angles Producer they should take part of the earnings to go on future trips to Los Angeles. Future meetings with producers will be more pleasant. If you already have a large viewership on YouTube spend money on promoting videos, collaborating or whatever was successful in the past to become more successful in the future.

It does not have to be an advance science, yet identifying what makes a venture successful is troublesome and there is a chance something else is more effective than past methods. While this is might be true and evaluating other options is a great idea, it is beneficial to figure out what it is that is really making any project or investment payoff.

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