It isn’t easy owning and operating a business.
- For the first few years, most recommend reinvesting all profits directly back into the business itself.
Too many people pocket all of their profits and lose the chance to evolve their business so the profit margin grows at an exponential rate. When I first got into business, I was selling art supplies on the internet. I had an Amazon store after years of being based primarily on Ebay and Etsy. It was a fun venture to be in, especially since art has always been my hobby. However, it wasn’t a steady income stream and things eventually got to the point where I realized I needed a more solid business venture. That when I started making signs and labels for commercial businesses. I bought a digital color label printer and a few other supplies with a bank loan. I decided to buy a few copy machines so I could run a printer service business alongside my sign and label business. This way I would be offering all kinds of print services under a single roof. It didn’t take long for me to start working for the local government because of our huge military base in the city. I create manufacturing and industrial labels that they use in their hangars and training facilities. Compared to selling arts supplies on the internet, making custom labels for local businesses and the government is a much more steady stream of generous income. As my business evolves, I try to get new digital printers when they hit the market. I always want to have the best tools to use for my regular clients.