How soon should one start to spend from his business?

[Skysaint]

You can comfortably start spending from your business once you're comfortable with how your business is going and that it doesn't need much of financial backup that most baby businesses do require

 

[Abigael]

It is not easy to grow a business and that is why you need to give it time for it to grow to some extent. It may take a minimum of six months for a business to grow depending on the nature of the business you are involved.

Yeah, it is truly not an easy job to grow a business. It takes so much time and proper planning. Therefore, it is best not to start spending from the business right away. Just let it grow first.

 

[Immilash1]

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.

That's true. But I think the best time to start spending from your own business,is when you noticed your spendings will not have a negative impact on the business.

 

[kayode10]

You are free to spend from money generated by your business when you are able to make a hundred percent profit consistently. You can decide to take 30% of the profit and spend it on yourself as a reward for building successful business.

 

[YERUS]

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?

I think one can start spending from his or her business when the profits or income have become stable.
At such time, it would be easier for the business owner to take out savings, investments and money for expenses.
Spending should not be done when the income is not stable.

 

[Kaffyfolla]

If the business has been expanded to the level whereby the spending from busines purse wouldn't have negative effect on the business

 

[kayode10]

You can start spending money in your business when you are able to make about 200% profit from the entire investments. You need to reward yourself with exclusive vacation at one of the resource centre around the world.

 

[Sotherefore]

Only when you have realised enough profit almost the exactly amount you have used in starting up the business that is when you should think of spending, but even with this you should rather save some money for emergency purposes that may arises in the business, you should not spend all.

 

[Stnicholaz]

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 takes relatively 2 to 3 years to begin to spend from his business profit that is if the person is doing well. It takes discipline and self control not spend from your new startup. You can use part of your profit to meet your essential needs and put the rest back to the business.

 

[Nsisong]

For me money made from business I believe shouldn't be spent anyhow .. instead of spending it unnecessarily why not use it to buy more stocks for your business. But well if you want to spend then it should be when you have so much already that spending it won't affect your business

 

[kayode10]

you just have to be patient and wait until the time your business is bringing over 150 percent profit on annual turnover before you can start spending. The amount you are going to spend most not be more than 20% so as not to affect the cash flow of the business.

 

[eLdavis]

you just have to be patient and wait until the time your business is bringing over 150 percent profit on annual turnover before you can start spending. The amount you are going to spend most not be more than 20% so as not to affect the cash flow of the business.

What about in a situation where an emergency issue comes out that needs immediate response, what would you do? Should one look for other ways to get the money since the business is a new set or can one risk taking from the business?

 

[Smiles20]

This is a particular area that you are supposed to be very careful with because any slight mistake might lead to a drawback in the business. You should want to start withdrawing money if you believe that you have made your initial capital already.

 

[kayode10]

What about in a situation where an emergency issue comes out that needs immediate response, what would you do? Should one look for other ways to get the money since the business is a new set or can one risk taking from the business?

it will be very good if you can look for other ways to get the money to solve the problem at hand. these are some of the obstacles you are going to face as an entrepreneur while building a business. You must learn how to navigate your way through the obstacles without affecting the business.

 

[eLdavis]

it will be very good if you can look for other ways to get the money to solve the problem at hand. these are some of the obstacles you are going to face as an entrepreneur why building a business. You must learn how to navigate your way through the obstacles without affecting the business.

Hmmm that's true, in other words you mean an entrepreneur should have self control to be able to think and calculate before Taking any decision right?

 

[Mayox25]

To avoid unnecessary spending from your business finances I'll suggest that business owner should place themselves on salary irrespective of the huge profits the may make from their business with that it make them to be discipline not to just dip their hands into the business money.

 

[Wiserr]

that's true. but there's no specific time for you to start spending from your own business. you can decide to start spending when you noticed the business is growing up biger. one more thing don't spend more than you earn.

 

[jay]

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?

If it's possible for you not to spend a dime from your new business I would recommend doing so but if you must spend from the business it would definitely or should definitely be a spending that is related to the business and not outside a business.

 

[kinqzbitz]

As soon as the business is growing and as soon as you have more than enough income and you have recovered the capital you spent to open the business and only then can you start spending but then you have to spend well

 

[Heatman]

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.

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.

Exactly, if you are making at least a minimum of 70% profits from your business capital, then it's definitely going to be okay to carry out some expenses in the business.