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What are some methods that an entrepreneur can use to cash out of a business? What...

What are some methods that an entrepreneur can use to cash out of a business? What are the pros and cons of each method?

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Answer #1

Some method through which entrepreneur can manage cash out flow and increase profit making are:-

1) running business from home

Pro- it will save the cost of purchasing commercial property.

Con- it will limit the market connection

2) buy used equipments

Pro- it will save the cost of purchasing all new equipments

Con- it will have lesser life and poorer efficiency

3) don't hire full time employees

Pro- it will save the permanent cost of having labours.

Con- labours are then not always available.

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