2 ms·
(speaking from the perspective of an individual, not a small business) you could consider putting it into some kind of investment, owned by the company. given
by shoo 8y ago
(speaking from the perspective of an individual, not a small business)
you could consider putting it into some kind of investment, owned by the company.
given that you talk about putting it somewhere where you cannot access it immediately (30 days) it doesn't sound like putting it into the stock market would be appropriate -- if there is a large unexpected drop in the market you might not be able to withdraw the amount for years or a decade without taking a large capital loss.
there might be some middle ground (e.g. diversified bonds) with a rate of return of a percent or two with less risk than stock.
another option might be to look for unusual investment opportunities (e.g. buying out other small businesses). this is likely a terrible idea unless there is a niche where you think you have a particularly strong competitive advantage. this might end up in the "work more hours" bucket too.