Chapter 4

Can I tell shop money from household money?

Tiền cửa hàng hay tiền nhà, tôi có phân biệt được không?

The chapter's question

How much am I paying myself, and on which line does it sit?

Big idea

Withdrawing money at will is the fastest way never to know whether you are profitable.

In this chapter

  1. Part 4.1

    Two Accounts

    Are my business money and personal money sitting in the same place?

  2. Part 4.2

    Paying Yourself

    If I hired someone to do what I do, what would it cost?

  3. Part 4.3

    Taking Profit on a Schedule

    Do I draw profit on a schedule, or whenever there is a surplus?

  4. Part 4.4

    Tax and Paperwork

    Have I set aside the portion for tax obligations?

The reading for this chapter is inside Conan School

This chapter has 4 readings, with case stories and exercises. Chapter 1 of A Seller's Cash is free to read right here.

Read in Conan School

Chapters of A Seller's Cash

  1. 1.If I have money, why can't I spend it?
  2. 2.Can I manage money without full financial reports?
  3. 3.Can selling more leave me shorter on cash?
  4. 4.Can I tell shop money from household money?
  5. 5.Between two shipments, how long can I hold out?