One of our primary reasons or purpose for starting a business is to make profit, that by the said your business needs to grow before you can start making money. One major problem with young entrepreneurs today is that they are not willing to spend on their business. If you want your business to grow, you need to spend on advertising and marketing just to ensure your business reaches out to your target audience in a way that would make an impact.
You need to spend to grow your business
- Thread starter eldavis
- Start date
That is the duty of the busiess owner to spend his money to ex[and his business or if not make it grow fat. How could it grow fat if the capital is too small. The sales or profit cannot guarantee that it could support additional capital.
If you want your business to grow, it is vital to invest in it. One way to do this is by allocating some funds to your marketing efforts. Furthermore, you may also need to spend some money on improving your product or service to attract more customers.
Most Companies take bank loans for their business which is better than investing their own money.
Exactly, your business cannot step up to the next level of you won't apply strategy like inviting a potential marketer to promote your business.
