I've started a business 5 years ago and only became profitable in the last few years, i've been re-investing the profits back into the business putting the demands of the business, and still ended up with all the spare cash i didn't know what to do.. The only reasonable thing would be to get a car (which i did - a 2007 hatchback paid in full) and a better house to rent, the rent increase was roughly 20% but allowed me to move the office into the home with two spare rooms i saved quite a bit by not renting two spaces. Now i have had this spare cash put into a savings account, and added the profits there every month (while keeping my expenditure at the same or lower than before)
Just six months ago, i lost my only sales channel and my country doesn't support that particular gateway.. I am sure there are ways to fix it (and i'm on it) but I'm extremely relieved to have all the funds in my emergency funds and savings to keep business afloat in the times of need. I'm only 20 and have to learn a lot of legal and technical stuff to proceed with my venture, PF's given me the courage to do so, and I wanted to thank everyone here that supports otherwise misdirected youth.
Cheers, thanks for looking.
Submitted July 01, 2017 at 02:39PM by sicker_than_most http://ift.tt/2t3HhcQ
