running a business, what should the profit to turn over be generally?

Answer 1

hi
as stated it depends on what you are doing
my turnover is 11,000
out of which i pay for new equiptment and materials ,parts expenses which on average takes away half this ammount leaving the rest for myself
yes it also costs money to make money
it all depends on your outgoings involved with the business (not your wages)

Answer 2

It would depend on the industry that you're operating in, how long you've been in business (ie, start ups are usually affected by high start up costs or going the other way, receipt of grant funding). As long as you're Net Profit (ie, Turnover less all expenses) is positive, it is good.

Answer 3

it depends on the buisness there are a lot of different factors
but sheer profit should be no less than 10 percent otherwise its not really work all the hastle is it you need money to expand ond for emergancies so you really need about 25 persent thats after your own earnings ofcourse

Answer 4

Turn-over is Vanity.........Profit is Sanity!

Watch your profit not your turn-over, as long as you make a profit that is ALL that matters.

Do as much as you can, spend as little as you can to do it and make as much profit as possible.

Answer 5

1p profit is good! A profit is a profit!

Answer 6

Ideally as much as possible,but i would tot go below 28%

Answer 7

It depends on your outgoings

Answer 8

big turnover,small margins....small turnovers should have good margins