The Case for Taking Regular Dividends from Your Business

When should you invest money in your business, and when should you pull it out? In this solo episode, I’m building a case for why you may want to consider withdrawing a bit more money from your business than you currently do. If you’ve been questioning your own financial moves within your business, this episode could be an eye-opener.

Listen in as I dive into the specifics of who should think about drawing money from their business, as well as the three compelling reasons to seriously contemplate this move. Plus, I’ll share some advice on making your money work harder for you, along with a glimpse into my own personal investment strategy.

You’ll learn:

• Who should consider taking money out of their business. (6:00)
• The worst-case scenario reason for taking money out of your business. (8:45)
• How it can create innovation. (10:55)
• The argument for having an emergency fund. (12:10)
• How taking money out of your business can help you think about your business differently. (13:30)
• How to invest your money—and my own investment strategy. (15:20)

Subscribe: iTunes | Stitcher | Amazon

(With your host Andrew Youderian of eCommerceFuel.com)

What Was Mentioned

• How Should I Invest my Cash? with Mike Beckham and Dave Rekuc
• Fulfil.io
• One Click Upsell – Increase Sales 15%+ with Pre-and Post-purchase Upsells. (On average, Shopify users increase sales 15% immediately after installing the app!)

Post by Andrew Youderian

Andrew is the founder of eCommerceFuel and has been building eCommerce businesses ever since gleefully leaving the corporate world in 2008.  Join him and 1,000+ vetted 7- and 8-figure store owners inside the eCommerceFuel Community.