How do you spend your business's profits

[Stardom22]

Most entrepreneurs reinvests back the profits earned from the business while others save it. What is your favourite way of spending your profits?

 

[Shavkat]

As much as I keep them in my bank account. Sometimes it is inevitable not to spend this money. We need to reinvest as much as possible.

 

[hastral45]

Business profits?. Well, whatever I consider as my profit would be better utilized for the sake of my business. Part of it would be re-invested into my business while the rest would be saved.

 

[eldavis]

It depends though, there are times where i save my earnings, then there are other times i reinvest it on one or two things or pay for an online course. Then there are cases where i spend it.

 

[Bisolami]

Most entrepreneurs reinvests back the profits earned from the business while others save it. What is your favourite way of spending your profits?

I don't have a business. I only work on paid forums and I always save the money and spend some of it too

 

[Niyi Briggs]

I know a lot of people here would scream that they invest their profits. Your profits is a reward for your hard work and you can decide to use it and take care of yourself. So long as you don't touch the capital.v

 

[LoukiaCharilaou]

I do not own a business. I just try to save some of my online earnings although they are very small.

 

[hastral45]

I do not own a business. I just try to save some of my online earnings although they are very small.

You don't have to wait until you have business before you start to learn how to make profit. You should begin to be economical with your online earnings.

 

[LoukiaCharilaou]

You don't have to wait until you have business before you start to learn how to make profit. You should begin to be economical with your online earnings.

You are right. However, my online earnings are too low, so I do not worry about how to spend them.

 

[hastral45]

You are right. However, my online earnings are too low, so I do not worry about how to spend them.

Just as you are determined to be successful with your online activities, you could use your low earning to build your wealth from the scratch, if you know your way.

 

[LoukiaCharilaou]

Just as you are determined to be successful with your online activities, you could use your low earning to build your wealth from the scratch, if you know your way.

This is correct. I would really like to work online full-time, so I must find my way.

 

[cherry123]

Most entrepreneurs reinvests back the profits earned from the business while others save it. What is your favourite way of spending your profits?

For me this is what I will do when I have my business I will reinvest my capital. I will want the business to grow so reinvesting will be better

 

[Springtime]

I don't own a business, so I am not making any profit. I earn from doing translation work. I spend money on my daily necessities and leisure activities. A portion is put in my savings account.

 

[Starmix]

1 saved mine because I'm planning to manage another business which I already mentioned here weeks ago to manage an online Fashion Boutique.

 

[Suba]

I manage my business's profits, by dividing into posts, first 20% of net earnings added to the reserve fund, donate 10% of net earnings, and the balance is reinvested either to buy merchandise or office equipment.

 

[cherry123]

If a business owner can, the profit generated can be used for production of the products to he sold than buying the products for sale.

 

[Reedex]

It is always better to spend the business profit on things that are productive.

 

[Shavkat]

Business profits?. Well, whatever I consider as my profit would be better utilized for the sake of my business. Part of it would be re-invested into my business while the rest would be saved.

That is a wise thing to do. For me, I always believe in the phrase: "Business is always a business." It means all the profits need to be used wisely. It should be following the proper usage of it for business only and not other things.

 

[Passiveearner]

1 saved mine because I'm planning to manage another business which I already mentioned here weeks ago to manage an online Fashion Boutique.

I am not doing any kind of business. I am planning to save money so that I could start a business. This may take time but I think that it would be worth it.

 

[Heatman]

Most entrepreneurs reinvests back the profits earned from the business while others save it. What is your favourite way of spending your profits?

It is very important for you to invest a good amount of your profit back into your business because it is what helps your business to expand and grow unlike just saving everything in the bank.