You are a shoe repairer who has done well for the past few years and are lucky enough to have put aside some profits from your labours.
Does this sound like you? Then read on!
How best to use your hard earned profit?
- With interest for savers still hovering at about zero percent it is an utter waste of your time putting your money into a Bank.
- Do you trust it to so-called “Financial Experts” who have managed to almost bankrupt the country due to their questionable activities?
- Do you invest in the Stock Market and watch your money be frittered away by 14 year olds?
You might just as well put it all on red or black and trust to luck!
There is another alternative for the enterprising shoe repairer. Look at your business and see if there is any area where you might invest your money where it will generate a real return. Let your money work for the benefit of you and your business.
Do you presently borrow the services of a Blake stitcher? Does this entail paying someone else to do this work for you, and perhaps closing your shop and driving the shoes to another location? Have you looked into the possibility of purchasing your own stitcher and keeping all the profits for yourself?
Do you turn away lucrative patching work for want of a small patching machine? Small bits of work here and there will keep you ticking over and pay for the patcher in no time.
Do you have a flash activator that kind-of-works when the weather is sunny, or there’s a “Y” in the month. Why struggle on when for a few hundred pounds this small problem can be alleviated?
How much easier could you make your daily life with a small investment in the machinery you use every day? Alternatively, of course, you could revert to older, trusted method of fund allocation which invariably involve the words, “mattress”, “the”, “under” and “money”.