In episode #983, we discuss when or if you should take profits from your company. Tune in to hear when you should plan for this.

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TIME-STAMPED SHOW NOTES:
[00:27] Today’s Topic: When Should You Take Profits In Your Company?
[01:02] Neil started a company when he was 16 and didn’t start taking profits until he was 20/21.
[01:21] He thinks he was foolish for waiting so long.
[01:35] If you need the money, take what you need to survive.
[02:24] It’s also wise to reinvest your profits.
[02:50] Things can go wrong, so putting profits aside for emergencies is smart.
[03:35] Know your living expenses, so you can determine what you need.
[04:05] Maybe you want to travel or live a good life; if that is important, take the profits.
[04:41] Some companies don’t do dividends, because they are re-investing them.
[05:20] Don’t expand beyond your core business.
[06:46] That’s it for today!
[07:30] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles this June. Check out this website if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested!  DM Eric if you would like to participate in the VIP dinner.

Leave some feedback:
What should we talk about next? Please let us know in the comments below.
Did you enjoy this episode? If so, please leave a short review.

Connect with us:
NeilPatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu



Learn more about your ad choices. Visit megaphone.fm/adchoices

In episode #983, we discuss when or if you should take profits from your company. Tune in to hear when you should plan for this. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M downloads in a 30 day period. Take action: Rate, review, subscribe, and SHARE. Check the progress <a href="https://docs.google.com/forms/d/e/1FAIpQLSegKGoOGZ2CfPUZjPMAMSWD_lBVKSSRym1HP57fQJV67oAwEw/viewform"> here</a>! TIME-STAMPED SHOW NOTES: <ul> <li>[00:27] Today’s Topic: When Should You Take Profits In Your Company?
</li> <li>[01:02] Neil started a company when he was 16 and didn’t start taking profits until he was 20/21.</li> <li>[01:21] He thinks he was foolish for waiting so long.</li> <li>[01:35] If you need the money, take what you need to survive.</li> <li>[02:24] It’s also wise to reinvest your profits.</li> <li>[02:50] Things can go wrong, so putting profits aside for emergencies is smart.</li> <li>[03:35] Know your living expenses, so you can determine what you need.</li> <li>[04:05] Maybe you want to travel or live a good life; if that is important, take the profits.</li> <li>[04:41] Some companies don’t do dividends, because they are re-investing them.</li> <li>[05:20] Don’t expand beyond your core business.</li> <li>[06:46] That’s it for today!</li> <li>[07:30] We hit our goal of 1 Million downloads! So, we will be throwing a free event in Los Angeles this June. Check out <a href="http://singlegrain.com/dtla">this website</a> if you would like to attend. Remember: we are capping the event at 500 people, so sign up now, if you’re interested! <a href="https://twitter.com/ericosiu?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor"> DM Eric</a> if you would like to participate in the VIP dinner.</li> </ul> Leave some feedback: <ul> <li>What should we talk about next? Please let us know in the comments below.</li> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul> Connect with us: <ul> <li><a href="http://neilpatel.com/">NeilPatel.com</a></li> <li><a href="https://www.quicksprout.com/">Quick Sprout</a></li> <li><a href="http://growtheverywhere.com/">Growth Everywhere</a></li> <li><a href="http://www.singlegrain.com/">Single Grain</a></li> <li><a href="https://twitter.com/neilpatel">Twitter @neilpatel</a></li> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

Neil Patel and Eric Siu bring you daily ACTIONABLE digital marketing lessons that they've learned through years of being in the trenches. Whether you have a new website or you're an established business, you'll learn the latest SEO, content marketing, social media, email marketing, conversion optimization and general online marketing strategies that work today from people that actually practice marketing and operate businesses.
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In episode #983, we discuss when or if you should take profits from your company. Tune in to hear when you should plan for this. We have committed to throwing a FREE Marketing School Live Event in Los Angeles, once Marketing School reaches 1M...

When Should You Take Profits In Your Company?| Ep. #983

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/81ddc94c-3230-43b3-ac4f-b0d2004fd2e6/transcript

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