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Most times what really limits some business persons is the idea of the daily income revenue,because it is constant,one normally live with the idea that it will always com,so the need to save for some other important things and save for the growth of the business would not be there.Depends if im doing a selling business i will rather the daily profit because i need to know if something was missing is the profit for the day is right. Other than businesses that involves daily inventory check up. I will ngo with monthly since it's less stressful
I prefer to be having the two of them but I guess I will have to invest into two business then,one will be on daily profit and the other will be on monthly profit so I will be using the daily own to manage till the monthly own comes in.Both daily profit and monthly profits have their advantages and disadvantages.But I will like to take a side with monthly profits because you won't be able to deep your hands into your working capital any how(discipline). Secondly monthly profits will accrue together to form compound interest by summing up each of the daily profit.
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For someone who has bad spending habits, I will advice against daily income, it will be problematic to your finance.Both daily profit and monthly profits have their advantages and disadvantages.But I will like to take a side with monthly profits because you won't be able to deep your hands into your working capital any how(discipline). Secondly monthly profits will accrue together to form compound interest by summing up each of the daily profit.
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If i can combine both profit together I think I will go for the both of them.... both daily profit and monthly profit added with weekly profit. Is A way of becoming rich.Both daily profit and monthly profits have their advantages and disadvantages.But I will like to take a side with monthly profits because you won't be able to deep your hands into your working capital any how(discipline). Secondly monthly profits will accrue together to form compound interest by summing up each of the daily profit.
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Most people will be preferred daily profit and others may prefer monthly profit but I prefer daily earnings because most times business that brings daily earnings are more profitable than the ones that bring monthly earnings.On the downside, salaried employees are not eligible to collect overtime pay when they work weekends and late nights to accomplish major projects. Furthermore, the office culture may pressure salaried employees to overextend themselves in order to compete with colleagues. In other words, salaried jobs can be significantly more stressful than hourly jobs.
Hmm....yeah, although there's nothing bad in having monthly profit bit daily profit gives the additional energy to keep going to enable more profit...I think I now prefer daily profits because it has a lot of advantages and will keep you motivated towards making money on daily basis.
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