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20. Invest in a SEP-IRA, 21. Hire an Accountant & 22. Invest in Increasing Your Brand Exposure : Top 25 Investment Strategies

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20. Invest in a SEP-IRA

Jeff Neal, Operations Manager, The Critter Depot

Invest in a self-employed pension (SEP) IRA. SEP IRA allows you to take company earnings and deposit up to $55,000 into this IRA. From there, you can invest it into mutual funds or ETFs. Using a SEP-IRA is proven to be a very effective, tax-free way to control a company’s earnings without getting hit with taxes.

21. Hire an Accountant

Amy Corbett, Wealth Management Advisor, Northwestern Mutual

Don’t do your own accounting. As your business grows, finances become increasingly more complex, which increases the likelihood you’ll spend way too much time trying to make sense of your earnings and expenses in preparation for tax season. Not only is this a way to dodge a guaranteed headache, but it’ll also free up time to grow your business. Invest some of your funds to hire an accountant, and you’ll save yourself from headaches in the long run.

22. Invest in Increasing Your Brand Exposure

According to LendGenius, it’s essential to bring your business name out there. Therefore, you should invest a portion of your capital to increase your brand exposure through marketing campaigns, sales meetings, networking events, news articles, public relations interviews and similar activities. These promotion efforts will help introduce your business to prospective customers and generate new leads.

fitsmallbusiness.com

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