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75k invested, how much should I pull out a year.?? Plz advise...?
Hi,
I have purchased a business for $75k. I would like to know how much money should I pull out monthly based on the Capital invested. Thanks in advance...
8 Answers
- Anonymous1 decade agoFavorite Answer
Income minus expences equal net.
Net minus working capitol, growth, and replacement equal possible income.
If you have just bought yourself a job; Is it more valueable than your time sold in another way you are qualified for, and don't forget to add the possible passive income from the $75K ?
- 1 decade ago
Some people look at it as a five year investment when they buy a business. So 12 months times 5 years is 60 months. Divide that by 75k and you get $1250 a month. That is an extremely conservative estimate.
- Anonymous1 decade ago
Not enough information to give a good answer. Pertinent information would be what is your roi? If it is significant you will make even more money by plowing the income back into the business. Do you require living expenses? That of course would be a significant factor.
If your roi is less than 15% after deducting expenses including reasonable wages, I would pull it all out.
- Terry DLv 61 decade ago
It would be nice to get 7 or 8 % , if you are taking a risk. If not put in in governments bonds or just keep it in an interest paying bank account or instument of some kind. Ask your banker for advice.
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- Anonymous1 decade ago
ZERO $.
get the biz up and running so it pays real taxes then take out some money.
most biz fail 1st five yrs .
take outs are one of the problems.
Source(s): biz owner , offices w.wide - Anonymous1 decade ago
???