The Simple Money Mindset Shift That Grows Your Business ๐ธ
This week has been busy. Iโm juggling client work, preparing for a legal education presentation about YouTube copyright enforcement, paying my taxes, and getting ready for my sisterโs baby shower this weekend.
I donโt usually like to pack my schedule this tightly โ but sometimes, life just happens that way.
When I need to de-stress during weeks like this, I go for long walks and listen to podcasts. Itโs my favorite way to unwind and get inspired. Thereโs something about moving my body that helps my brain make connections I wouldnโt have made at my desk.
And this week, one episode from the Freelance to Founder podcast really stuck with me.
The Lesson That Hit Home โจ
In the episode, hosts Preston and Clay were coaching a web designer who mentioned that his business profits were just sitting in a bank account.
Preston shared something that stopped me in my tracks:
โIt took me a long time to understand that if your business is profitable, you can reinvest those profits to grow your business โ and generate even more profit.โ
Itโs such a simple idea, but as I was walking โ and thinking about all the expenses I was deducting for tax season โ it hit me hard.
Because honestly? Iโve been doing the same thing.
Iโve had a chunk of money sitting in my business savings account for months, maybe even years. I told myself I was โsaving for later,โ but in reality, that money wasnโt doing anything.
Making My Money Grow My Business ๐ธ
Lately, Iโve started shifting how I think about that cash. Instead of letting it sit there โjust in case,โ Iโve been putting it to work โ specifically by investing in Google Ads to drive sales for The Business Reserve.
And already, itโs changing how I view growth. I can make strategic business investments with what I already have. Reinvesting doesnโt have to mean hiring a big team or overhauling your brand. It could be as simple as:
Running ads to test what converts
Upgrading your website or copy
Hiring a freelancer to free up your time
Investing in tools that make your work more efficient
The key is this: your profits are a resource to grow your business.
A Question for You ๐ญ
As creative entrepreneurs, we often focus on making more money; we should also learn how to use the money we already have.
So Iโm curious โ how do you reinvest your profits?
๐ Do you put them back into your business?
๐ Do you explore other investments or real estate?
๐ Or do you prefer to keep a safety cushion in your account?
Thereโs no right or wrong answer โ but itโs worth thinking about.
By the way this blog post is actually a form of attorney advertising. While I'm here to share some helpful info, please remember it's not personalized legal advice. For anything specific to your situation, schedule a free consult call here. And, reading this blog post doesn't mean we've got an attorney-client relationship going. To team up officially, we'd need to sign a written agreement. Hope that's clear, and feel free to reach out with any questions!