4 Principal Management For Growing Business Profit
Any business or businesses that are well managed and properly, it will generate profits or business profits either a lot or a little. Because the purpose of business is to benefit financially abundant to meet personal needs as well as for the company. Business benefits that you can get into a boomerang if you are not able to manage them properly.
Profit business although not much, but if managed professionally, it will be a tremendous potential to develop a business or a business that is being managed. As a businessman, it should be able to manage the business profits earned by wise and thinking with a long vision. How to properly manage the business profit is very important to always maintain the existence of a business.
In managing the profits of a business, at least you can do by dividing the profit into four major staple, ie Profit For Business Development, Profit For the Reserve Fund, Profit and Profit For Personal Affairs For The Rotated Capital. For more details, see the description below.
1. Profit Business To Business Development
It’s important to develop your business in the future, set aside some portion of profits allocated to develop business is a wise action. At least you can take 10% of the business benefits you get for the special fund business development.
Funds drawn from these advantages you can use to improve the ability of part – the part of your business. To use, can be used for example to:
- Infrastructure Development
- Improving the Quality of Human Resources
- Increased IT Systems
- Expansion, With Opening of New Branch
2. Profit Business for Reserve Fund
Reserve fund is very important in running a business, it is intended to anticipate or guard – in case if there is something you want in your business. Because as we all know that in the business world is certainly a lot of risk that you will face in the future.
To that end, the reserve fund must always be provided. To fund these reserves, from the net profit can you can use by 20%. While the form of the reserve fund can you allot such as for investments that could be used for a long period of time.
Later, these funds are only used for the benefit of the right – really urgent or urgent, if not urgently sought not used previously. Form of investment that you can use for the allocation of this reserve fund could be:
- Gold Investment
3. Profit Business For Personal Affairs
Personal needs may vary – wide and numerous, do not you imagine the personal needs only to pleasure yourself. In this case, the family also entered into your dependents should you enough also needs. As a reward for your hard work in managing the business, utilizing 10% of the business for personal gain and the family does not seem excessive.
In addition sufficient for the purposes of your own needs and family, do not forget also that you have a social environment that is also very important for you to watch. Maintaining good relations with the surrounding community can improve your happiness in life. Set aside 10% of your business profits to charity, donate, or for other social funds.
4. Profit For The Capital Played
Well, having taken advantage for the benefit of the above three, the remaining 50% can use back as capital for later playback. The remaining net profit that you can get back to you manage inventory, operating costs or other costs related to the business you run. Expected with the rest of the profit that you earn, can regain the advantage.
If you are able to split the profits as above, then the continuity of your business will be more secure. By setting aside a little of the net profits that we get, then when business slumped in the condition that you still have funds that you can use. Make it a habit every time benefit to immediately share them wisely.