Should I invest money back into my art business or take profits out?

As you start seeing success and making sales, invest back in the business to grow it—don’t choke it. Many people make the mistake of taking all the money out as soon as good things start happening. Instead, properly equip yourself to gain advantages: get the right technology so your customer experience is better, continue improving and leveling up your marketing. This is how you compound the initial traction and success you’re having. Reinvestment allows your business to grow from a few thousand in sales to much larger numbers over years three through five.

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Asked by general teaching · Answered by Nick Friend · art-marketing-podcast · 2022-01-08