How soon should one start to spend from his business?

[Philip Omotayo]

To start spending from the business entails that one has been able to realised his or her capital. The profit then can be used either to enhance the business more or to spend out of it. Making a business to boom first should be the first priority of the business owner before thinking of spending the profit

 

[Adam13]

There are quite a number of Rules that helps explain that one of them being, "always pay your self last". y at the start of any business or most businesses most of them are likely to experience a surge of profits and when this rush isn't tackled properly, the business might collapse. t starts before you start spending from your profit you should make sure that the business is well established. but always pay your employees.

 

[Setho]

The amount of money and the time one should start spending business money shouldn't be an issue. When Jeff bezos started amazon, hE projected he won't make profits till after 5 years. Numbers in business are very important and you should project when you should start making profit and if it clicks, you should know the right amount to spend at a time.

 

[Sheyemanu]

This is a very good question, If I am ti be honest with you on this, I feel one should only start spending money from thier business when the business is generating positive cashflow. This means that the income from the business or profit generated is greater than the expense or cost of running the business

 

[Michaellee]

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?

A business man can start spending wisely his /her profit when the profit has amount times three of the actually amount use in starting the business.I purposely emphasis on spending wisely because if you don't spend wisely that business may end up crumbling .

 

[shakky2]

spending from a recently started business shouldn't be the priority,the priority should rather be developing and booming your business.even if you need to spend,it should be as little as possible and it should be from the income and not the capital

 

[Blue house]

New business should be given enough time to grow and develop in order to be very successful.
But you should try and spends some out of it, settle some important bills and try and enjoy life, you can die anytime so that it won't be another person that will eat the fruit of your labour.

 

[Victor001]

There is no time in particular but its advisable to channel your spending on your profits. Be of certainity that you have made necessary checks and balances before making do with what is left.
Basically business should be more on expansion than spending.

 

[Abu4exel]

How soon should one start to spend from its business? When you re making money from your business, you should be ready to keep some fund from it for any other business that surface or incure some debt from it. So,spending money from your business depends on how pressing the spending you want to make is.

 

[Judee201]

The capital and profit of a newly established business should be invested back into the business, entrepreneur should not be in haste to spend profit from a newly established business as this is one of the factors that kill a business quickly
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The capital and profit of a newly established business should be invested back into the business, entrepreneur should not be in haste to spend profit from a newly established business as this is one of the factors that kill a business quickly

 

[Abelcairo43]

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.

 

[zenith]

Every new business needs time to stand on It's feet and this will take some time.that is what some new entrants into the business world don't succeed.some of them will start thinking somebody is behind their failure.you can't start a new business and expect it to provide your daily needs immediately,You must give it time if you are really serious.

 

[Joseph555]

It is pertinent to note that anyone who wants to be successful in the business world should not be in a hurry to start from the proceed of a new business, a new business need at least two to three years to stand before the owner can start to enjoy the profit

 

[abubakar3141]

The typical calculation of how long it takes a company to be successful is two to three years. That said, there are numerous initial costs and ways of calculating profit for each startup. Instantly, a company may become profitable or take three years or longer to make money.

 

[Patrik]

Once he believes he has enough money in his backup wallet, if you are a smart business owner or manager, you should know that issues can happen at any time and you can't spend money when you are in need of it

 

[Sad56]

It takes a long time to spend from your profit on your business. But you should stick there and get profit after equalizing to capital then the profit will be able to spend on your business. But this takes a lot of time. So be patient, as patience is the Key

 

[singlej007]

Is not really advisable to start taking from your new business, because I believe most new business will also need much or little expansion, so you will need money at least to fix some things in the new business, in that way my advice remain no spending for new business.

 

[Dubai]

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?

You can start spending from your business when you have started seeing substantial profits. The moment you realize that taking from your business would not affect the growth and expansion of the business. It is advisable you don't take huge sum at once. You should only withdraw little at different interval. Note that money taken out of the business would have to be replaced in the long run. This would ensure your venture remains afloat.

 

[MarieArie]

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.

You're quite on point. The moment it is advisable to start spending from your business money is when you have calculated your money quite well and have marginalized your profit gap. Never you try to touch the money you haven't calculated your spending, earnings and lots more.

 

[Kingsley]

Spending from your business may simple mean spending out of either your profit or capital, well there is no such thing as such a time, but in any case studing out of business money called personal drawings can be done at anytime as the need keep arising. But ideally one will want to wait for the busines to yield some amount of good proceeds before thinking of making any withdrawals.