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Should you expect to profit at the beginning in a new small business?
Wiki User
∙ 8y ago
If you have a great idea, something new and innovative, you have found the target audience that is interested in it, you mapped out your budget and carefully determined all the costs, then yes, you can expect profit. However, most of the time, start-up small businesses just tackle the task and learn as they go, so the "start-up" period is more so about discovering the true path your idea should take to be successful. Like a trial run.
Wiki User
∙ 8y ago
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How much profit should you expect from owning your own business?
If you own your own business you should consider the following: Cash, time and money invested in the business the first year you might not make money even lose money second year brake even and some profit if you survived the thier year you will fine. You should expect to make 3 to 5 times the amount you make as employee but always make sure to present your business idea before even you start your business.
Is profit the only business of business?
profit is not a business of business .But the business runs with a small inception of profit
Can profit be the sole objective of the business?
Yes, it can, but expect that business to be short lived. Nowadays, business is about more than just money. More and more, there is a switch towards higher social responsibility.
Why is profit important for a business?
profit is important for a business because without profit there is no business. they need to generate profit to keep the business alive. profit well help the move up the business ladder to become a more successful business !
Should a company go out of business if they are making zero economic profit?
no
How much profit should you expect from owning your own business?
If you own your own business you should consider the following: Cash, time and money invested in the business the first year you might not make money even lose money second year brake even and some profit if you survived the thier year you will fine. You should expect to make 3 to 5 times the amount you make as employee but always make sure to present your business idea before even you start your business.
What percentage profit should business make?
0%
What is capital beginning?
Beginning Capital is the amount which is bring by the owner of the company to start the business and it is the liability of the business to return back that amount as well as any profit earned by business to it's owner at the time of dissolution of business.
What is taxable profit?
TAXABLE PROFIT should be your NET PROFIT from your business operations because that would be that amount that would be subject to all of the different taxes that you would be liable for on your NET profit from your business operation.
Is profit the only business of business?
profit is not a business of business .But the business runs with a small inception of profit
How much should I expect to pay in small business taxes if I open a quilt shop in my small town?
It all depends if you are a sole proprietor of a corporation. You can estimate that you will pay fifteen percent of your profit in taxes.
Can profit be the sole objective of the business?
Yes, it can, but expect that business to be short lived. Nowadays, business is about more than just money. More and more, there is a switch towards higher social responsibility.
Should big banks profit from micro financing?
Banks are a business. They exist for the purpose of making a profit. That is what businesses do.
Why is profit important for a business?
profit is important for a business because without profit there is no business. they need to generate profit to keep the business alive. profit well help the move up the business ladder to become a more successful business !
Should a company go out of business if they are making zero economic profit?
no
Why profit is needed to business?
why is profit requirment for a business?
What are the irrelevance of profit to a business organization?
There is mention of relevance of profit in regard to a business organization, but no mention of irrelevance of profit in business.
