Acquiring Minds · Side Hustle Acquisition to $5m in Revenue
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reinvested all earnings back into the business and took only a modest salary, using his day-job income to fund growth
“Let's say we earn 10%. Let's say inflation is 3%. If I only spend 7% of the return, I'll leave 3% to be reinvested... I've assumed a real return of 4.15% (3.5% income and 4% capital growth)”
“I was happy to give equity and a modest salary so we could all live and grow the business.”
“So that's always the first thing now that I do before I go out and I reinvest back into the business.”
“I took the money from that drop and reinvested into the company… wholesale accounts like Selfridges would place an order, you get a deposit, you use that money and you keep reinvesting”
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