how big should your warchest be?

[Whorty]

You store the money wherever its most sensible to do so. Its still a war chest.

Ouch .. I just agreed with Vetty .... I need a shower now

[Whorty]

Kids? oh you mean female friends!

You're confusing me with R Kelly .... my female friend is 43, which I believe is classed as adult and competent to make adult decisions

[lorakeen]

You're confusing me with R Kelly .... my female friend is 43, which I believe is classed as adult and competent to make adult decisions

depends on the species

[vetran]

Ouch .. I just agreed with Vetty .... I need a shower now

Agreeing with logic is hardly a sin but then you so rarely do ...

[Gibbon]

my female friend is 43, which I believe is classed as adult and competent to make adult decisions

That's debatable given she's been persuaded to spend time with you.....

[northernladuk]

my female friend is 43, which I believe is classed as adult and competent to make adult decisions

I dunno. PC is about that age and he clearly isn't.

[Noiro]

I don't explicitly keep a separate warchest. Do others view it has how many months their Ltd could continue to pay salary/dividends without any income?

Exactly this - I have personal funds i can use if needed, and other options to get cash if I were out of work too long, but my 'war chest' to me is company cash that will continue to pay exactly the same level of salary + dividends even if no more money goes in. That's how long I know I can coast along without needing to make substantial changes.

As Whorty said - knowing your outgoings is the only way to work out how much cash pays for how much bench time. I recently worked out my family outgoings (and it's a shocking exercise), but I know which costs are fixed (mortgage etc.) and which are variable and can be squeezed if needed. That helps.

[northernladuk]

Exactly this - I have personal funds i can use if needed, and other options to get cash if I were out of work too long, but my 'war chest' to me is company cash that will continue to pay exactly the same level of salary + dividends even if no more money goes in. That's how long I know I can coast along without needing to make substantial changes.

As Whorty said - knowing your outgoings is the only way to work out how much cash pays for how much bench time. I recently worked out my family outgoings (and it's a shocking exercise), but I know which costs are fixed (mortgage etc.) and which are variable and can be squeezed if needed. That helps.

This for me as well. It's my company war chest to keep the company operating normally in times of no business.

[Whorty]

depends on the species

So attacking someone you don't know just because you don't like me? Doesn't make you look good deary.

[lorakeen]

So attacking someone you don't know just because you don't like me? Doesn't make you look good deary.

don't dish it if you can't take it.