How to withdraw money from business
His Work / / December 26, 2019
Financial adviser Sergei Ivchenkov - how to get from your business, without prejudice to the company.
Sergey Ivchenkov
Consult a financial advisor in the Bureau "not dull finances».
Not every owner knows how to withdraw money without damage to the business. Some pull everything and do not leave us nor development nor to current needs. Because of this, entrepreneurs fall into the cash gaps and drive the business into debt. Others, on the contrary, are afraid to take too much, so unhappy: they work a lot, but not enough money.
Let's look at how to withdraw money from the business properly.
Separate personal purse and money business
Stepan opened an advertising agency. He believed that the month-end balance of cash register - it is profit. And always take these funds for their own needs, not thinking about how it will affect the company.
Money is never enough: for the office rent to pay nothing, then for the connection, then for advertising. A common practice was the delay of salaries and payment in installments. After all, the money derived Stepan time to spend.
The situation, when it came time to pay, and nothing is called cash shortages. He disliked the fact that because of it the company can not fully work, because there is no money for current needs. We have to go into debt and be interrupted until the next earnings.
This went on for six months. Then the company went bankrupt. Stepan's mistake is that he does not distinguish between the personal and the company's money purse. In fact, Stepan in the business have a specific role - CEO. Therefore, it was logical to appoint a market salary as CEO.
Properly consider profit
Often, the owners believe the profit on the balance at the end of the month. What is, then earned, it can be taken. In fact, income - is not the balance of the account at the end of the month.
Profit should be considered to fulfill the obligations. Advance payment from the customer - it's not your money. But when the deal was closed and signed the documents - your money.
Calculate revenue Closed acts, subtract it from operating expenses, taxes, interest on loans and depreciation - here is your net profit. To withdraw from the business more than it can not be.
Plan your cash flow
Profit counted. With a pure soul April 1 took the money, and the 10th is necessary to issue a salary and pay rent. No money - that's the cash gap. To avoid falling into this situation, plan cash flow for the month ahead.
To do this, use the paying calendar. Make it all planned expenditure and receipt of the money to the account. So you will see, at which point you will have insufficient funds to meet the obligations. Be on hand enough money to not get into the cash gap.
Template payment calendar →
If August 1, on account 300,000, then to 4 to 8 August, the money will not be. It may be necessary to defer some money, in order not to fall into the cash gap.
As we have seen coming cash gap, secure and reserved 400 thousand rubles. This solved the problem: from 4 to 8 August, the money is enough.
Leave on development
Profit felt the movement of funds planned. It seems that you can pick up free money. But it is too early, was the last step. Business needs money for development. There are three scenarios in which you can put off:
- All currently. You take all the free money. Business is not getting investment, it has no chance to turn into something bigger. But if no such plans, the strategy is acceptable. The company will stagnate, and you her stay at your leisure. However, there is a risk that competitors will bypass and business will bring in less profit or will be unprofitable. Then you have to close it.
- Everything is in development. You are not withdrawn from the business a penny, all put into the development and even add from personal savings. So you return investments only with time, but it will become the owner of a large and profitable company. And yet endure.
- Compromise. This strategy allows to take into account the interests and the owner and the company. Entrepreneurs follow the rule of the golden mean: 50% spend on development, and the other 50% is taken currently. But you can choose different proportions.
Before you withdraw money from the business, set his salary on the market, calculate profit, cash flow plan and set aside for development. All that is left, you can pick up.
see also
- Why is profit - the main indicator of business success →
- Why entrepreneurs to conduct financial accounting →
- 33 things you should know every aspiring entrepreneur →