How soon should one start to spend from his business?

[Thosynho]

Lots of new businesses established did not actually last before they wind up or crashed. One of the reasons to this is because some entrepreneur are too much in haste to start spending from the little profit the business has generated. Instead of re-invesitng the profit to roll over and produce huge profit.

How soon can one begin to spend from his business profit?

 

[Seyesystem]

New business needs time to grow to an extent before you start spending from the profit. You must grow your business to a stage where your income from the business is multiple of the capital that you use in starting it. You must have an estimation of your daily income which you determine your profit from. There is nothing wrong from spending from the money generated from the business after all business is created for the purpose of making profit.

 

[Donolatunji]

As soon as you discover that the amount been withdrew won't affect the business on a light or heavy mode.I would even advice that one should relinquish the thought of spending from a business at an early stage.

 

[Kehinde]

Two to three years is the standard estimation for how long it takes a business to be profitable. That said, each startup has different initial costs and ways of measuring profit. A business could become profitable immediately or take three years or longer to make money.

 

[Adetayo100]

Two or years or more is the standard estimation for how long it takes a business to be profitable. That said, each startup has different initial costs and ways of measuring profit. A business could become profitable immediately or take longer to make profit.

 

[Ryeetar]

People tend to think that the moment they open a business and start selling the next thing to do is start spending their money unwisely which is very wrong. You should be able to differentiate between your personal money and business money, if you keep digging into it it will not grow, if you must spend let it be from the profit.

 

[chicnthin]

Not until the profit is big enough and the sales become stable. Perhaps, spending from profits that was generated is okay for as long as it is not much and there are still enough to operate. A business must prioritize to grow by investing the portion of the profit in the business.

 

[Chibson]

It is advisable, that anyone who wants to venture into business should set out a particular capital for that business only and not using the business process to solve personal problems. I see any business man who uses his business money to solve personal problems as unserious and such a business cannot last.

 

[joy101]

As soon as you find out that you have make so much profit in the business, you can leave the business to stay at least two years before thinking about to touch the profit small, so that the business will not crashed.

 

[tuna89]

This is a very crucial question , for me if there's anyone who has a job such a person can establish a business, a small ecommerce for example whereby the profits made from the business should go back into the business while the salary you make from your regular job should be be used to cater for your personal expenses, if not your small business may be stressed and you may have to spend beyond limit.

 

[Ibrahim1]

Tje moment you found out that your company or business can't be at risk again and it's capable to handle everything and there's a lot of money at hand then you can start taking money from your business so that you can make your business large more and also spend money on your self and on your workers also

 

[ronaldlorenzo01]

Before you start a business your should consider these factors:

• A Business Idea.
• Knowledge or Expertise.
• Market or Demand.
• Start-up Costs.
• Capital and Finance.
• Competition.
• Location.
• Staff.

 

[Ifective]

As soon as you have expanded the business to a large extent and you know the business can thrive for years without needing a basic thing to spend money on
The profit made from a business is meant for you but at first one need to think about the growth of the business before thinking about personal gain

 

[Smithkid]

Lots of new businesses established did not actually last before they wind up or crashed. One of the reasons to this is because some entrepreneur are too much in haste to start spending from the little profit the business has generated. Instead of re-invesitng the profit to roll over and produce huge profit.

How soon can one begin to spend from his business profit?

 

[Sariana23]

The estimated time to start spending your business profits depends on the profits and the planned project or strategies. The important thing is not to spend more than necessary since you have to save it for unforeseen expenses or opportune investments, for example buying products at prices below market prices (offers)

 

[tyrim88]

New business owner need to exercise constraint and discipline especially when it has to do with finance of the business. The inertia period of the business cash flow should be reinvested back for stability and strong base.And gratification should be delayed.

 

[Dapoyemi]

One can or should start spending from history her business when he or she already stands a ground and is comfortable with his or her achievements and not try to show off to their peers to show that they're making it and the likes. Spending from your business should be done with backups so as to prevent loss.

 

[iamgroot]

Lots of new businesses established did not actually last before they wind up or crashed. One of the reasons to this is because some entrepreneur are too much in haste to start spending from the little profit the business has generated. Instead of re-invesitng the profit to roll over and produce huge profit.

How soon can one begin to spend from his business profit?

It depends on the situation. The key there is self-control in all the luxuries you want to get. As human beings, we need essential things to survive, and if these are the reasons why we spend and use the income we get from our business, that's fine. Why do we do business? To make money and have something to use in daily life, right?

 

[Niftyyem]

The profit your business is making and how often it is been made should be considered. The truth is that, someone who used all his savings to set up a business may be broke without any other source of income than that business.
I would suggest that you can start prudently by paying yourself a small salary until the business stabilizes.

 

[Psalmsavatar]

I suggest that you only spend from your business to plough back the money into the business. Taking out money from the capital without ploughing it back will spell a room for the business. I advise you to earmark a paltry sum as your salary which you can spend anyhow.