How soon should one start to spend from his business?

[Defaith]

As soon as the business is advanced and standard and has started fetching good profits then you can start taking from the profit not the real capital

 

[Olahab]

Your plan of attack should start with a thorough assessment of your idea’s market potential. Often, this step alone will be enough to tell you whether you should start part time or full time. You can’t become so caught up in your love for what you’re doing that you overlook the business realiti

 

[Sheun450]

After starting a business one should not be in a hurry to start spending from the business money. The only money one can spend is the business profit but the profit also must not be spend totally

 

[Abbeyola]

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?

One can start to spend from a new business, when the business has strated making progress and meaning profit in terms of it income and sales.
And the spending should not be an extravagant on that will affect the operation of the smooth running of the organization.

 

[Mixhi]

Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.

 

[Anymore]

Well, one can start spending out of what hewe or she sees from a business when the targeted profit had been met, that's after extracting the capital, then one is expected to spend and reinvest into the business. But if the business is not give that Mich revenue, then, be certain that the capital was first extracted, then you can calculate the half of your profit, if that is attainable, then you can start spending.

 

[Atifbismil]

When a person matures, he should start a business, and the most important thing to keep in mind is that any business has a loss at first and then a gain. Some people mature at a young age, some are late because maturity has nothing to do with age. Some people do not mature even when they are old.

 

[Megaxray]

When he has really made much gain and profit

 

[idhans]

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 is natural that people will always want to enjoy the fruits of their labour. But I would suggest that the first thing that should come into your mind when you start making profit should be savings. Start making savings for the future, and savings in case of an emergency. Remember this is business anything can happen at any time.

 

[Alihassan]

Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. ...
Write your business plan. ...
Fund your business. ...
Pick your business location. ...
Choose a business structure. ...
Choose your business name. ...
Register your business. ...
Get federal and state tax IDs.

 

[Youngdee]

When a business is set up the main aim is to make profit and the profit is for the business owner savings and expenses. The right time to start spending for your business is when your business financial capability is so strong and solid that the capital started with has been doubled. You must take note of expected returns and loss before you also spend from the business.

 

[Kelvin7656]

Building the fundamentals of a small business can take about a year but most small businesses take at least two to three years to reach profitability.

It’s also important to note that about 75 percent of startups survive their first year, 69 percent survive the first two years and only half reach five years, according to Forbes. Building your business relies on survival.

 

[Mawome]

When you must have made your initial investment, let's say you invested 100k after doing your business let's say for some times you see the double of that your capital, then you can start spending not like you spend it anyhow, no. You can choose to invest more on it.

 

[Hamza1]

After couple of months but if you're doing it for the first time then it even can be a year or so. In beginning you should invest the profit in your business also to make it big and enough to give you your desirable profit later.

 

[Ebensco]

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.

 

[eojo2401]

When you just started a business, don't draw from it until you are able to multiply your capital. Look for other way to get money to spend on your basic needs. But if you don't have any other mean, just spend from the profit.

 

[Dowenship]

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?

Spend when you you hit double out triple of the capital you invested. If you started spending your profit, you might reck the business real quick. But always does when the capital u invested is like double to invest more and stand strong.

 

[Frank]

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 the first five years of any business, it is advisable that the business owner keeps investing more money into the business instead of looking for ways to spend from it. This is the critical period and it's not always advisable to spend anyhow from the business unless the owner wants it to crash. It is after these periods that the owner may decide to spend a little from the profits.

 

[Taiwoayan]

on your business a percentage should be set aside as your salary and they should be calculated based on the profit on your business and it should be calculated based s on your profit. Only spend the salary and not the capita in order to sustain the business

 

[Ridorz]

I agree with the topic of this discussion. One of my best friends borrowed money from me to put up a barbecue business. On the first day the earning was good so I was confident that she could pay me back soon. But after a month when I checked on her the business was gone. Her mother told me that my friend was spending the sales of the barbecue until the capital was exhausted. My take on the business is to spend only half of the profit but you have to leave some profit for the growth of the business.

You made a point of what you said. It very important to be saving the half of a business profits in to use on the growing and maintenance of the business in which to keep make the business existing and moving up in extend. All the profit must not be spending anyhow.