There’s no doubt that it’s a great feeling when your business finally starts making money.

But what do you do with all those dollars? 🤔

When the company is consistently making money, invest it so that it keeps making money. Here are some of the best ways to invest and reinvest your company’s first profits:

1️⃣ Invest in your team with training and education! Paying for your employees to get new skills or take classes is a great investment in helping them grow professionally — and their increased value will pay off for you too. Not only does it help keep them happy, but it also helps them stay with the company longer, which helps reduce your turnover costs.

2️⃣ When you can afford to do so, investing in tools that make work easier and faster is another great way to improve productivity and efficiency without having to hire more workers (or paying more overtime). Think things like software that automates repetitive tasks or makes it easy for employees to collaborate on projects.

How did you invest your company's first profits?