What Do You Do with Your Profits? Reinvest in Your Business? SEO? Hiring?

AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

Pat Flynn

Business Advice, Marketing, Podcasting, Getting Started, Business Strategy, Business, Small Business, Passive Income, Online Entrepreneurship

4.9 • 638 Ratings

🗓️ 25 May 2017

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's question comes from Jackie who wants some advice on reinvesting her profits in her business. Find Jackie’s business on the web at http://eslspeaking.org/ Do you have a question about reinvesting in your business? Record it at http://www.askpat.com/. Today’s sponsor is FreshBooks. Go to http://www.freshbooks.com/askpat and enter “Ask Pat” in the “How Did You Hear About Us?” section for more information. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	AskPath.
0:05.1	AskPath.com
0:06.7	dot com.
0:11.1	Hey, what's up, everybody?
0:11.9	Patlin here and welcome to episode 873 of Ask Pat.
0:15.1	Thank you so much for joining me today.
0:16.8	As always, I'm here to help you by answering your online business questions five days a week.
0:20.5	We have a great question coming in from Jackie today. but before we get to that, I do want to thank
0:24.3	today's sponsor, which is FreshBooks, one of my favorite companies because they help serve me
0:28.3	in millions of other small businesses with helping us keep track of our business finances, from our
0:33.7	income to our expenses, which they could do automatically, by the way, by connecting with your business credit card, but also invoicing. So if you do any invoicing of any kind,
0:42.1	any billing, in less than 30 seconds with FreshBooks, you can create a very professional
0:46.5	looking invoice, one that you could send out and keep track of. You can keep track of who
0:50.8	paid you, who owes you, and also who has yet to open those invoices, which is super handy.
0:56.0	So definitely check it out.
0:57.6	And what's really cool is they're offering you a 30-day free trial here on Ask Pat.
1:01.0	All you have to do is go to freshbooks.com slash Ask Pat and make sure you enter Ask Pat in the how did you hear about it section.
1:08.1	All right.
1:08.4	Now here's today's question coming in from Jackie.
1:11.1	Let's do this. Hey, Pat. This is Jackie Bolin from ESLSpeaking.org. My question today is related to
1:18.1	what you do with your profits. So I'm currently making maybe around 2,000 US a month. And my
1:26.7	expenses are something like maybe $200 for like
	...

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