Spend wisely business slogan

[Psalmsavatar]

Spending wisely in business can be done in so many ways. By cutting down unnecessary expenses, by maintaining minimal number of staff and by maximizing profit.
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That advice is to caution any business owner that spending recklessly can make the business fail. So a business owner must know how to be circumspect when spending and make sure he only spends if there is need to spend and not just any how.

I agree with this and the fact remains that cutting off unnecessary expenses is the best.

 

[Blessedsam60]

As a business owner, one has to inculcate the habit of spending wisely even if you are making your source of income in multiple ways. The habit of extravagant spending has eaten to the heart of so many people in businesses and they can help it.
Reinvesting your money is the best.

 

[Psalmsavatar]

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.

 

[Faani18]

Wise way of spending money on the business is good to sustain longer. If you spend money unwisely on foolish things will dig a hole for you. Expand your business always with good invest and manage it wisely.

 

[Ebuka Stephen]

Yes very true, I won't agree less @WhiteHouse spend with simply means avoiding unnecessary spending and extravagant live, use you your money on what is needed not on wants. Using your money wisely , we can save or invest them for future use

 

[WhiteHouse]

Wise way of spending is really subjective, what's wise to me might not be wise to you. But we all we should strive to expand our means that way we will have more than enough to buy whatever we want for ourselves without worrying about it.

 

[Talibhussain074]

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

Your business will grow when you spend wisely and wisely.When you start a new business. So what makes a profit should not blow you into other tasks. You should invest that profit wisely in business. Business disorder always causes failure. That's why you save your profits and invest again.

 

[Asad Ali]

Being vigilant with funds in business or even personal lives is the secret to business stability and sustainability. Company start-ups are still dry before break-ups are reached and profits begin to roll in. If a company owner does not invest wisely, as advised, it cannot breake or earn, and the corporate risk will collapse.

 

[Richard92]

That's normally an advice for new business starter because if you don't spend wisely your business can run bankrupt. Moreover it is advisable for businessmen to spend wisely because at the end of every business transaction the business owner will minus his expenditure from he says and get his profits.

 

[Peterlight]

I always thought it was something they just said like a complement I never knew it was very important until I actually noticed a business around my area which closed down because the owner usually lavishes money all the time. Now that he is out of business, all his friends had left him

 

[Kiko]

Spend it wisely. It is important to spend wisely because using too much money in one area could lead to a loss in another. For example, if you were to spend too much money or clothes in a month, you may not have enough money to buy groceries.

 

[Neeta313]

That's because if you don't spend wisely you may end up not even having money to restock your store. When you are running a businesss, you are entitled to your profit and not necessarily the whole money from your sales which you use for yourself because you will need to restock, so once you start spending and then you spend your profit and spend the money from your sales where will you restock from will you start getting another loan.

 

[kayode10]

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

the reason why people say that is because it is very hard to raise capital for for businesses. that is why is very important to manage the one at hand and be frugal with your spending. Whatever you are going to spend on most be an asset not a liability. In a simple term, an acid is something that put money into your pocket simple as that.