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If you could start your own business, as an entrepreneur, what kind would you start, and how? |
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What is the first thing you need to start your own business? |
and is it a good thing to do.
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or waste more .... |
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Gut reactions Plz and Thx...... |
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In Grocery Store, a poorly dressed lady in front of me didn't have enough cash to pay for her small order? |
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Brendan W | If I'm running a business,is it best to take the takings to the bank daily,or weekly? |
What do most people do?Weekly?I need to know this. |
|


Anastasia Beaverhousen
 |
Daily |
|

Thomas (from the UK)
 |
Id say as soon as possible as the quicker it gets into the account, the sooner it starts gaining interest! |
|

tom my
 |
Whether its daily or weekly...a piece of advice..Do not use the same route and varies your travel pattern from point to point. Incase of robbery. Good Luck! |
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Ben R
|
It depends on your level of turnover.
I would personally take the takings to the bank daily or every second day.
If your turnover is sufficient, you might be able to arrange an armoured service to pick up your takings. |
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gingerlatic
 |
i would say daily whenever possible, money in the bank earns interest. |
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Buddy
 |
Daily |
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Dave L
 |
daily as it will either
1 earn interest
or
2 the interest on borrowings will be less |
|

Adze
 |
Daily,then with on line banking you can check on the
amounts of your out going and incomings daily.
Also gives thieves less chance of snatching
a big amount of your hard earned cash. |
|

pinky
|
Also go at different times and don't carry a bank envelope openly. |
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JAMES G
 |
Daily whenever possible, money in the bank earns interest and gives cheques time to clear |
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Falling leaves
|
Daily, for the purposes of interest on your money.
However I would say to bank it at different times, routes and if possible get other sources to take it in from time to time as to break the possibility of people watching out for you. |
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Bardic
 |
As often as possible. Excess takings sitting around in the business premises aren't doing anything for your bank interest and are at risk in the event of a robbery. Plus, as others have already said, go at different times, use different routes and disguise what you are carrying. |
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Stephen L
|
A. Weekly
If you are running a cash business, you can pay suppliers and wages in cash. This will save you banking fees. Weekly surpluses can be deposited weekly. Obviously you need a safe to store cash safely and would need to insure your average weeks takings. |
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divya p
 |
it depends on how much you make if you make to much take it daily and if you make little take it weekly |
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confucious says
|
I cannot understand people who run a business, why do you have to ask such a basic question, and why is it so important you need to know, it all boils down to personal preference |
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**Kesha**
|
daily, one becuase its easier to keep a track on profit and expenses and 2 because you dont want a weeks worth of takings in your shop lying around. |
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firefiter
 |
that depends on how much cash you feel comfortable having on hand. It's always a good idea to take it straight to the bank, so if, by the growing crime rates everywhere, you get robbed, you don't have THAT much for them to take. If you wait until the end of the week, you could end up losing THOUSANDS!!!! Also, in the event of a disaster, like fire or flood in the building where you keep the money. The bank is insured, and if you make a deposit, it's recorded. If you keep it at home, and something happens, how do you prove to the insurance company that you had ......$17,468.97? |
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Helen S
|
Daily. |
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crane driver
|
daily if the bank is closed when you are ready to bank then ask them about a safe deposit box |
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