Chapter 4

If I dip into the till, can I see profit?

Rút tiền trung tâm tiêu nhà thì còn biết lãi không?

The chapter's question

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

Big idea

An owner who withdraws money at will has found the fastest way never to know whether the centre is profitable.

In this chapter

  1. Part 4.1

    Two Accounts

    Are the centre's money and my own money in the same place?

  2. Part 4.2

    The Owner's Wage

    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

    Unpaid Family Labour

    How many hours do family members work that never appear as a cost?

The reading for this chapter is inside Conan School

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

Read in Conan School

Chapters of A Centre's Money

  1. 1.Does a full bank account mean a profitable month?
  2. 2.Do I need full reports, or just a few numbers?
  3. 3.Do I learn a month lost money before, or after?
  4. 4.If I dip into the till, can I see profit?
  5. 5.Without new enrolments, how long could my centre survive?