Am just curious, how would I go about this

[dzungmobile]

Bitcoin as the first cryptocurrency was not just created for investment purpose, it was actually created as a means of payment and to be honest, the adoption process isn't as fast as expected

The adoption rate of Bitcoin is actually faster than expected. It's not too accurate for a comparison of adoption rates between Bitcoin and the Internet, but let's check it and see how good Bitcoin adoption curve is.
Bitcoin vs Internet adoption curves
Not Just A Fad: Bitcoin Adoption Curve Rivals The Internet
Bitcoin vs Internet adoption where does Bitcoin stand

[Mate2237]

Even fiats in these days are not stable and they are volatile. And I am using my country currency as an example to others. Last week, it was $1 = N1600 but in this week it is $1 = to N1700 and we don't know what will be the next move of the price. And if the price of Bitcoin was high when the seller bought the first set of goods and now that he wants to buy again, I believed the price of things would also reduce because products or goods also follow the movement of the currency.

Even the real life the prices of good and services follow the prices of the exchange rate and the transportation so if the price of Bitcoin is volatile then the goods and services will also follow suit.

[adzino]

Bitcoin as the first cryptocurrency was not just created for investment purpose, it was actually created as a means of payment and to be honest, the adoption process isn't as fast as expected, but one thing that am very curious about and I have been thinking on how to go about it as a business man while accepting it as a means of payment is it volatility, though it might be advantageous for holders, but am not that certain for a business men.

In a situation whereby you accept it as a means of payment while sell off your goods, then when  you are out of stock, so you decide to restock your shop, so by then price of Bitcoin has dip so much that you can't buy all the goods needed in your shop, due to the fact that your money has depreciate in value because of the dip, what is the way forward in such a situation if your emergency funds can't cover up for the shortage?

Yeah, it was created as a means of payment, but due to its scarcity and how it is mined, people found it much more suitable using it as a store of value than using it as a regular currency. Bitcoin is also accepted in most places where cryptos are accepted but there are other coins that are much better when it comes to making payments due to fees and confirmation time. To answer your question, yes bitcoin is volatile and it is not a good idea for merchants to hold bitcoins. That is why most payment gateways that processes bitcoin transaction allows the merchants to instantly covert bitcoin to other fiat currency or at least to a stable coin. The merchants also has a choice to keep a % of the money received in bitcoin.  A smart merchant would keep most of their 'profits' in bitcoin in order to maximize their profits in the long run.

[mirakal]

The volatility of this is one of the reasons why its development in terms of adaptation is weak. In fact, there are many merchants and companies that have tried this, but they see that consumers prefer fiat money over bitcoin. That's why we don't feel this kind of change in our community because most people still prefer using fiat money over bitcoin. And even though we encourage people to use this, it seems that they still perceive it primarily as an investment, not as a currency that can be used anywhere. 

Of course, we are looking forward to the expected changes, but I think it will take longer before it materializes as an alternative currency. 

[EL MOHA]

Even fiats in these days are not stable and they are volatile. And I am using my country currency as an example to others. Last week, it was $1 = N1600 but in this week it is $1 = to N1700 and we don't know what will be the next move of the price. And if the price of Bitcoin was high when the seller bought the first set of goods and now that he wants to buy again, I believed the price of things would also reduce because products or goods also follow the movement of the currency.

Even the real life the prices of good and services follow the prices of the exchange rate and the transportation so if the price of Bitcoin is volatile then the goods and services will also follow suit.

The thing is your pegging the goods with your currency and not bitcoin, what you stated is the price of Naira depreciating or appreciating against US dollar while the goods follow the usd currency whereas that’s not the volatility with bitcoin. The price of a commodity can be stagnant but bitcoin price will increase or decrease in respect to the usdt price. Imagine buy or selling one loaf of bread for x amount in usdt but the price was paid in bitcoin when it was around $65k, then when the bitcoin price reduces to like $64k the list of bread would still be x amount but you might have lost due to the volatility of bitcoin and I think that’s the worry of bitcoin.

My advice to OP is just convert you needed funds in short term to fiat after maybe daily or weekly sales because bitcoin isn’t even that too volatile that it will raise or reduce excessively during this period. Then if you’re looking for a very long term holding position then stay in bitcoin

[Marvell1]

Even fiats in these days are not stable and they are volatile. And I am using my country currency as an example to others. Last week, it was $1 = N1600 but in this week it is $1 = to N1700 and we don't know what will be the next move of the price. And if the price of Bitcoin was high when the seller bought the first set of goods and now that he wants to buy again, I believed the price of things would also reduce because products or goods also follow the movement of the currency.

Even the real life the prices of good and services follow the prices of the exchange rate and the transportation so if the price of Bitcoin is volatile then the goods and services will also follow suit.

Currency values ​​will depend on that country's economy and just because your country's currency fluctuates wildly doesn't mean other currencies will too. Not to mention, even if they are volatile, they are not more volatile than bitcoin, can your national currency lose 5-10% in 1 day? But with bitcoin it is very normal and regular.
Bitcoin's volatility is huge and it would be a big risk if we don't plan well when using it as a company budget. Don't deny it because this is a real problem and that's why OP created this thread.

Do you own a business and have you ever used bitcoins as a payment method for your business as well as used them as a company budget? How can you be sure that there will be no problems using bitcoin as a means of payment?

[TribalBob]

You should have understood the turnover of capital and profit from the start, where the capital of one item can be calculated, and when it sells we can also say whether it is profitable or not, indeed calculating daily sales profits with btc payments is more difficult with fiat, so in my opinion if you open a shop by accepting btc. you already understand the consequences if btc experiences a decline, then automatically if your emergency funds are gone the only way is to close your shop until the btc price returns to normal and you have to overhaul your strategy so that there is no long-term loss due to capital being held back because the btc price has decreased

[Pandu Geddon]

you already understand the consequences if btc experiences a decline, then automatically if your emergency funds are gone the only way is to close your shop until the btc price returns to normal and you have to overhaul your strategy so that there is no long-term loss due to capital being held back because the btc price has decreased

I don't think that's the best solution.
The key is the daily management of Bitcoin transactions in the store. If the use of Bitcoin in your country as a means of payment is not yet popular, Bitcoin transactions in your store will not be enough. And it depends on your plan. If you want to allocate Bitcoin for the short term with capital turnover to replenish the store. It is highly recommended to immediately convert it to stable assets or even fiat.
It will be different if your capital is strong enough. You can manage your Bitcoin in several more transactions first. The plan is a medium or long-term investment. So Bitcoin transactions in your store that are still not that many can be covered by the fiat transactions you get.

[Dr.Bitcoin_Strange]

In a situation whereby you accept it as a means of payment while selling off your goods, then when  you are out of stock, so you decide to restock your shop, so by then price of Bitcoin has dip so much that you can't buy all the goods needed in your shop, due to the fact that your money has depreciate in value because of the dip, what is the way forward in such a situation if your emergency funds can't cover up for the shortage?

If you want to or if you are going to accept Bitcoin as a means of payment in your business, then you must not handle it as an investment. What I mean is that, when you want to invest into Bitcoin, you always have the plans to hold it until the value pumps and surpass the amount you bought it, but when you are just accepting it for your business, you can convert it to fait once you receive the payment. That's the way to save your capital from being affected by the volatility.

[AmoreJaz]

If you want to or if you are going to accept Bitcoin as a means of payment in your business, then you must not handle it as an investment. What I mean is that, when you want to invest into Bitcoin, you always have the plans to hold it until the value pumps and surpass the amount you bought it, but when you are just accepting it for your business, you can convert it to fait once you receive the payment. That's the way to save your capital from being affected by the volatility.

That is one way to address the situation, once you received the payment, you can easily convert it to your fiat so the volatility factor is not much to be worried about. You may lose some in the conversion but the difference should be small. So when it comes to business, you can still accept crypto but you also need to convert it to your fiat right away. But when you just collect and store it, it means, you are ready for the possible decline or increase of its value in the market depending on when will you trade with it.