Does anyone have a rule of thumb on how much % you should reinvest in your small business? Should I invest 50% of my profit and just save the other 50%? Since I started my business I'm investing 100% of my profit back into my business and fortunately everything did great everysingle time. I'm just scared that I might miss an opportunity because I don't have any cash because I reinvested everthing😅 TIA!
I'm an 18 year old student from the Philippines. I started my small online business when I was 16 selling speakers that I got from my neighbors, local charity store, junkshops, online decluttering sellers. I earn $4-10 per sale at fb marketplace. I kept reinvesting 100% of my money to buy stocks and tools and finally started a speaker box business. I turned 17 and the speaker box business turned out to be fine. I was earning atleast $100-200 a month. Kept reinvesting and finally started reselling speaker sets which made me $10-20 per sale. I started to create my own customized bluetooth speakers when I turned 18, I raised the prices and now I'm earning $300-600 a month. I created an tiktok affiliate account and started earning $200 on my first month.
Now idk if what i should scale up or I should stop my other things to focus on this new ones. I work atleast 14-16 hours a day, everyday and I'm so lost I can't even think of my next move. I don't want to ruin what I currently have now. Is there any tips or advices that you can give me? Thank you.