How soon should one start to spend from his business?

[Good-Person]

A person should not spend money from his business until or unless he makes a sufficient amount of profits from his business and until he is not sure that he has good prospects about his business.

 

[Laurentta]

One shouldn't begin to spend from his business when he or she has just started it. One should allow his or her business grow to a reasonable stage before spending from the business.

 

[greenie]

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.

 

[Sotherefore]

You are generating from the business is capable of sustaining you and telling all the stuff available in your business community then install One lives can be used for whatever purpose you are interested, don't spend extravagantly on new business.

 

[Grandeur]

Profit from the business is not supposed to be spent in the early stages because a business is suppose to still thrive on plough back profit until it's sufficient to provide for it's running expenses for a while.

 

[Abigael]

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.

That is right. Business requires someone who can learn to delay gratification. This is by taking care of how they spend the business finances. It is really best to reinvest the money and let the business grow to stability before you start spending the profits.

 

[kayode10]

If you want your business to last long if you never think of spending from it when it is still growing. You should allow the business to mature in stand on his own before you can decide to spend from it. The best thing is to include your expense under your business expense.

 

[tyrim88]

That is right. Business requires someone who can learn to delay gratification. This is by taking care of how they spend the business finances. It is really best to reinvest the money and let the business grow to stability before you start spending the profits.

This is one virtue any serious business person should have,because it takes a discipline individual to be able to save up his initial profits and put it back into the business and watch it grow patientlly.

 

[Sotherefore]

Well it all depends on you and what you want that will determine this, you can start spending on your business as soon as you realise a reasonable profit but must be on something important.

 

[Achawaskey]

I think spending some portion of the profits will be ok, but not spending all hoping that you still has some goods in your shop, and by the time you realise it your is almost empty, so it is not good to spend all profits you realise from your business.

 

[Sincerem]

There is no specific time for this. This can be done when the business started generating the required profit , but the profit first must be used to settle other business problems and challenge before you even think of having your own share.

 

[joy101]

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.

One can start to send when you have seen that the business has grown too very well to the point that when you spend from the business that will never affect the business as well.

 

[Psalmseen]

Don't ever be in a haste to spend from your profits made in your business. You should take your time well to grow your business. It's very important. A time is coming that you'll be comfortable to take more

 

[Setho]

You are free to start spending money from your business as soon as you believe that the business is already generating enough money that you can afford to pull out profits.

 

[Robust]

For one to start spending his or her business money should be that he or she is earning more profit than expected or else I will advise that he or her should not be thinking of anything about spending his business money.

 

[Godspower]

One shouldn't be in a hurry to start spending the proceeds of a business. There might be uncertain times ahead so it is better he has enough savings first before spending.

 

[joy101]

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.

You can spending when you know that the business is bringing more profit in the business, because you cannot start spending from a new business when you know that the business is just coming up.

 

[Shigobad20201]

You can start spending from your business as soon as you realises that you at financially fulfilled, free from debt and the company can stand on it own without having any financial issue.

 

[Robust]

Individually, there is no any specific time, period or stage that one should start spending from his business, although it is very bad to start at an early stage because you will not know what you are gaining and also losing.

 

[Ogbes]

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?

Definitely I presume spending from business you mean from your profit. And this should be done with caution,very importantly only and exclusively when your business has broken even.