How soon should one start to spend from his business?

[Sincerem]

If you have external source of generating income , you should allow the business to be stable before you can think of spending from the business . But however it will be very difficult if you only depend on the business as a means of survival which sometimes is not advised.

 

[Syldan]

Actually there is no any specific period of time to which you should start spending but you should spend wisely when you realise that your business has grown to some extent where income generation is always stable.

 

[Robust]

There is no any particular moment to start spending your business income but it is only adviceable to save and not to spend much in order to Know the business is going on.

 

[Syldan]

Actually spending from a business depends on how good the business is moving depending on your location but a newbie business should be for at least a year before starting spending from it.

 

[Shigobad20201]

We have different type of business , some booms immediately you start the business , but with some business, it takes a while before it started blooming , so you have to wait till you start making gain before spending from your business.

 

[Syldan]

Absolutely not too soon to start spending. I think it should depends on the level of success and prosperity your business is attaining or has reached in othet to avoid shortages of funds.

 

[Ronald]

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 the best option is to allow the business time to grow and expand before dipping your hand in the coffers to spend the profits. I even opine that you should have established 3 branches of the business if it is a small and medium enterprise for you to start spending profits

 

[Shigobad20201]

Absolutely not too soon to start spending. I think it should depends on the level of success and prosperity your business is attaining or has reached in othet to avoid shortages of funds.

As the business owner , you should know when your business is doing well and making enough profit for you to start spending from it and you also need to start saving in your reserve fund

 

[Nat]

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?

In running a business, there is a stage paraphrased as the foundation stage in which you have to set. At this stage , you make sure that the business is getting money but the money generated is re invested in more personnel and also the procedures and ranks in the business is stemly rooted. You can begin to spend the profit when you have a system working .

 

[tyrim88]

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.

That is true,because a business that is still growing it will require that it needs all the financial support and stability for it to be firm,withdrawing from the business at an early stage is not good for growth.

 

[Shigobad20201]

Before you can start spending from your business, the business must have been able to stand on its own , and you must be making enough profits from the business.

 

[frederick_9]

As soon as you realize that the withdrawal amount won't have a significant impact on the business's light or heavy mode.
Even better, I would suggest that you give up on the idea of making early business purchases.

 

[Agbalagbaa]

When you are starting up your business for the very first time you are not expected to start spending from it, you have to wait if you start earning a good amount of money from the business.

 

[nana kwasi1]

It is recommended that anyone looking to start a business set aside a specific amount of money for that business alone, rather than using the business process to address personal issues. Any businessman, in my opinion, who utilizes company funds to address personal issues is not being serious, and such a venture cannot succeed.

 

[Shigobad20201]

When you are starting up your business for the very first time you are not expected to start spending from it, you have to wait if you start earning a good amount of money from the business.

When you are starting from the scratch with everything you have with you , you need to first make sure you have been making profit and restocking your store , having a reserve fund that will make you realise your business is out of the wood , then you can now start spending from the business.

 

[Agbalagbaa]

When you are starting from the scratch with everything you have with you , you need to first make sure you have been making profit and restocking your store , having a reserve fund that will make you realise your business is out of the wood , then you can now start spending from the business.

That's true, always remember that the starting point is the hardest part of whatever you are doing,a lot of people ended up quitting, this will not help situations.

 

[Skysaint]

There's no definite or fixed time for you to start spending from your business because it could be within just one week, a month, a year or even years. It depends on when your business is fully established.

 

[Eli342]

Spending company funds isn't really a good idea for a business because it will have an impact on the firm. Before spending money from a firm, one must make sure it is stable and has a strong foundation. in order to prevent loss and business closure.

 

[Popular]

As soon as one find out that the amount being withdrawn won't have effect on the business on a light or heavy mode.I would even advice that one should have the thought of spending from a new business .

 

[Setho]

If you have come to a stage where you believe the business can survive on its own then you can as well start removing little profit from it. You do not have to keep turning over forever.