What is the right way for the profit utilisation on the business?

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Ratine

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• May 23, 2024

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As far as l am concerned, l would cut my business profits in to halves. One for the personal expenses and the other half goes to the reinvestment of the business.

 

nomad

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• May 24, 2024

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You can either reinvest and build a bigger business or withdraw your profits and use the profit to build another business

 

eldavis

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• May 24, 2024

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I don't think there is anything like the right way to spend profit gotten from your business. It all depends on how you choose to use it that would benefit you and your business.

 

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Stardom22

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• Sep 16, 2024

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Profit utilisation is a very crucial subject for that matter. One should be very keen on dealing with that

 

Starmix

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In my case, I direct my business profit to the bank for safety and future use.

 

Shavkat

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The profit utilization will be set by having the business feasibility study. The 50-50 strategy can be applied, but it needs to consider other constraints.

 

Starmix

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I utilize my profit in business by investing more from my savings. I have to utilize it that way for the growth of my business.

 

Shavkat

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• Sep 18, 2024

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Starmix said:

I utilize my profit in business by investing more from my savings. I have to utilize it that way for the growth of my business.

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I can feel that you are on the right track. I wish I could do that, too. I have so many things in mind and am planning to go abroad.

 

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Ratine

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• Oct 16, 2024

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• #9

The best businessmen ever would reinvest in their businesses and achieve more and more profits for sure.