Increase wages or reinvest in the business

It comes down to understanding your industry, your growth opportunities and what return you expect to receive from reinvesting that money.

Sometimes the best investment is putting capital back into your business to support future growth. Other times, it may make more sense to diversify and invest outside the business into other asset classes.

The key is being intentional with your capital and asking where that next dollar is likely to work hardest for you over the long term.

The most successful business owners don’t just think about profit. They think about where to allocate capital for the greatest return.

General advice only.

Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).

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