Sec season 20 week 2||Business ideas -Capital management||

It's pleasure for me to to share my participation in engagement challenge season 20 -week 2 hosting by dev teaching team Business ideas by devs team The contest post link share here last week I missed that opportunity just because of my illness , luckily this week I share participation.

Q1. Please tell us about your initial investment value in terms of Steem as well as in US$, and how you manage it ??

First of all I mention here the business that will starting that's kids Garments stitching unit ,for that I had initially capital or assets I want for invest for running business in beginning approx 20 million and I had money from my own comes from heritage actually my father,s home sold out recently and by Islamic low as a daughter I got my share from sold property so I decided to establish business related to garments stitching department by own and utilities it as a source of income This amount is needed to cover the cost raw materials, finished goods or equipments in short money that helpful initial,I share here the initial capital that used in different purchasing.My hubby also helped me in business because he had great experience on production and still running stitching unit successfully so I hope so I will never alone and faced losses due to my hubby.

Commodity	Value in pak rupee	In steem	in US dollars
Machinery	10,00000	21739	3597
Row materials	200000	4347	729.5
Unit Rent	50000	1086	179
Other expenses	50000	1086	179

Source

The today ,s rate of one steem equal to 46 and Us dollar 273 pkr

Q2. A profit and loss statement is commonly known as a statement that shows details of your business's revenue and expenses over a period that we calculate on a monthly, quarterly, or annual basis. How do you determine whether your business made a profit or loss during a stipulated period?

Well profit and loss statement I will calculate annual basis infact in my garments stitching unit business the payment receiving secluded took more longer time as compared to other business the working basically based on 50% they stop as a granite and remaining 50% given in terms of profit .

C. Are you reinvesting your profits or using them for your personal use?

Well my late father was also a great business man he always taught me that initially capital plus your profit reinvest in it at least two years infact it's will give your business stronger and more independent so I never thought about that to using profit certainly.

D. What are your expenses for your staff and establishment, if any?

Well I had great management skill ,the running garment unit not a kids proper planning, stragites and off cause eye on overhead experiences of the factory workers like monthly salary ,unit Rent and machine mantance ,ironing and packaging goods expenses,tow materials etc.

Q3. Did you take any loans or working capital for your business from any financial institute?
Well I truly not appricate that for loan specially on initial stage because new born business need more and more money but loan instalment extra burden and the point is that I am Muslim in my relagion Loan from bank on interest prohibited 🚫, that is also a valid reason to avoid loans for my business I already had handsome amount so it would better to run slow but right direction.

Q4. Collateral securities and your understanding

Well as I said above I never ever use this option for my new born business ,I didn't learn from him because I don't really like the idea of loan and collateral infact never more knowledge about all of that ......it might be risky and dangerous risky suppose if you faced losses or an accidental situations or you default due to one of the reason it means you faced double trouble like risk of loosing you house, property, car, gold jewelry or whatever you used as collateral.So I strickly never did as possible.

So guys it's all about from my side I hope I delivered my point of view clearly in my post ,in the last I would like to invite my friends @deepak94 ,@naka05 ,@suboohi and @aaliarubab to participate in wonderful business course an get benefits from dev teaching team professors .

Regards
@sualeha