Know When To Spend Money For Your Business

Dated: 08/29/2019

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Know When to Spend Money for Your Business

You can’t grow your business if you don’t know how to correctly spend your money. Knowing when to spend money is just as important as knowing when to save it. Here are the 5 best ways to spend money that will pay off the most when starting a business:

1. Branding. People dedicate their entire careers to developing and designing brand images, logos and identities. Don’t assume that you can do this for yourself.

2. An accountant. Good accountants will save you more money than they cost.

3. Tech Support. Unless you run a brick and mortar store than sells goods or services, you should outsource your customer tech support almost immediately.

4. Market Research. Make sure there’s actually a market for what you’re selling before you begin to invest.

5. Employee Pay. Only monkeys work for peanuts. You’re going to spend money on employees anyways; hire some that will actually make that money back for you.

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Rob Singer

I have worked for 20+ years in the REO and Investment Property markets. In addition to working with banks and asset companies in listing and selling REO and receivership properties, I also specialize ....

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