Introduction:
There are many sources of origin of money, for that money has many functions from which we earn money. It is as a measure of value that we act upon. It unites different societies by giving gifts and enabling them to interact and interact. Not everyone who earns money can save and apply it in the right place. I will talk about using the earned money at the right time at the right place.
1 step:
First, you promise to do something with your earned money. Don’t let your earned money go to waste. Do a business that you can own, don’t give your hard-earned money to someone in the name of the business.
2 step:
Do a specific job there by yourself as a Proprietorship or Partnership or Private Limited Company. So that you have a role and oversight in the day-to-day operations of that organization. Your signature is required to withdraw money from the bank and to spend any money – arrange it and keep an eye on it.
3rd step:
Ensure that every penny of the revenue is deposited in the bank and no cash is spent from the revenue. You have to withdraw money from the bank for any expenses because with this money you have to take the business forward so you can use any business opportunity at any time.
4 step:
When Khushi takes money from the company’s cash and spends it to buy expensive mobiles or big hilsa fish, the company will not grow or grow, and will not find money to buy raw materials or products.
5 step:
When Khushi takes money from the company’s cash and spends it to buy expensive mobiles or big hilsa fish, the company will not grow or grow, and will not find money when buying raw materials or products. Then you will have the mentality of borrowing so one loan will attract another loan.
6 step:
No money can be taken from the company for personal expenses for the first 1 year, it will continue as before. After 1 year, if the business becomes profitable, take the specified amount (which the company can afford) once a month from the company as a salary.
7 step:
No money can be taken from the company for personal expenses for the first 1 year, it will continue as before. After 1 year, if the business becomes profitable, take the specified amount (which the company can afford) once a month from the company as a salary. Reinvest that money for the sake of business.
8 step:
It is a fool’s hope that someone else will make a profit by taking money from you. Not that it does not exist at all, but in most cases it is disappointing. So don’t trade your money with others. You take on partners so that they can add value alongside you to the core business and grow the business.
Conclusion:
You need to find the right path for your investment. You can invest your fortune in your new company in the form of debt in combination with equity and the business will be prosperous. Investing in the form of equity is one of the most common ways entrepreneurs “capitalize” their new companies.
