Spend wisely business slogan

[Peterlight]

I usually hear this whenever I visit someone opening a new store or business.
Why do people advise business owners to spend wisely?

 

[WhiteHouse]

because you will need all the the money you can get. You need to be frugal and prudent with the way you spend. Spend on needs not wants.

 

[Lagazine]

Wise Spending in a business is an important way to sustain such business. Although, their are some money spant in such an unwise way, but it will be wise to the critics in the future.

 

[greenie]

I usually hear this whenever I visit someone opening a new store or business.
Why do people advise business owners to spend wisely?

Well, if the business is new, you have to be careful what you spend your money on because it's important. if you spend more on certain things, you won't have money for other things and so on. that's what it's all about.

 

[Nurudeen]

It just trying so advice the business man with the slogan so that he or she won't eact his business capital while doing business

 

[Kamon c4]

Funds mismanagement is always the main cause of business failures. When you begin to make money you shouldn’t spend it anyhow or else the business will crash at the blink of an eye instead save your profits and invest the capital again

 

[Trexxxy]

Spending wisely is important. Misappropriation of funds for frivolous things will only lead to the downfall of the business.

 

[Niftyyem]

Spending frivolously when the business is still new means that the profits that should be invested back into the business may end up spent and the capital may follow. Spend wisely is actually the best advice you can give anyone, entrepreneur or not.

 

[kaychiz]

Being prudent with funds in business or even personal life is the key to continuity and longevity of business or whatever project you venture into. There is always a dry period in business startups before breakeven is attained and the profits start rolling in. if a business owner does not spend wisely as advised, he may never breakeven or make profits, and the business risks crumbling.

 

[Shayo]

Very right, and it doesn't apply only to business owners. It's wise to spend wisely, as a business owner, if you spend lavishly on unnecessary things, you end up going bankrupt and employers will drag you. It may even result in the folding up of the business.

 

[Presido]

This is true, some businessmen, due to the fact that their business is thriving, they spend lavishly believing that more will come, so anytime when challenges or up and down comes, they wouldn't be able to withstand it because of their carelessness

 

[joy101]

Spending wisely is very important this is true because some business men. due to that their business is moving them can spend unnecessary

 

[Bookwormlux1]

It is usually because most people who started seeing much money from their business did not make appropriate plan and ended up spending the money they made from the sales of their first goods. Then the business crashed

 

[Sincerem]

because you will need all the the money you can get. You need to be frugal and prudent with the way you spend. Spend on needs not wants.

Yes, sometimes you need to be a little bit miser, prudent as you said. Spend on relevancies and not irrelevant things that will down your money all time. Because any money spent on unnecessarily can't be recovered.

 

[Sariana23]

It's the right thing to do, spend wisely. It is the only way to maintain a business, as many fail.
Many entrepreneurs, when they start to make a profit, waste a lot of money, on parties and luxuries and believe that they have already done the work, and it is not like that, so they are already losing.

 

[Ridorz]

Wise spending is very important in business. A small scale business man/woman must not just spend money anyhow. As a business owner, you have to be spending money on necessary things that can boost your business not on unnecessary things. You must aquire financial management if you do not want your business rundown.

 

[Sincerem]

It's the right thing to do, spend wisely. It is the only way to maintain a business, as many fail.
Many entrepreneurs, when they start to make a profit, waste a lot of money, on parties and luxuries and believe that they have already done the work, and it is not like that, so they are already losing.

You said it all @sariana23, many businesses collapsed today. Because of unnecessary and unplanned spending spree. Had it been they calculated how to spend and utilize their money in more lucrative investment scheme, maybe they couldn't have felled down the pecking.

 

[Dubai]

It is as wise saying to spend wisely as you never can predict the outcome of your business a 100% from the beginning. So, you have to spend economically in other not to run at a loss. It helps prevent bankruptcy too.

 

[Olajidey]

If you always find yourself thinking, where did all that money go? then you might have a problem with spending. We tend to create bad spending habits over time without even noticing. There are a few factors that are responsible for this.

 

[Adebayonle7]

This is so because most businesses fail due to financial instability and misappropriation and it most likely that many more and future businesses will fail due to finance related issues and concerns. Lots of businesses, companies, and individuals spend almost immediately they get the cash and do not really consider how much they spent or used to get those cash. In the end, they end up spending more than their earning and run their accounts negative, and run into enough debts their assets cannot make up or repay thus ending their own businesses.