why is it important for small business to make a profit
2007-10-02 07:33:51 · 4 answers · asked by james n 1 in Business & Finance ➔ Small Business
Because if you aren't making a profit, you are paying to work. If that sounds like a good idea, I'll make it even easier for you. Just stay home, don't bother going to work and send me a check each month!
2007-10-02 08:05:47 · answer #1 · answered by smf_hi 4 · 0⤊ 0⤋
For the same reason ANY business needs to make a profit. Why stay in business if the only result is a never ending cash flow going out of the owner's pocket?
2007-10-02 14:49:37 · answer #2 · answered by Vince M 7 · 0⤊ 0⤋
If it doesn't make a profit, especially 4 out of 5 years, the IRS red flags you for an audit wondering why you're staying in business.
You could call it volunteer work I guess, if the money just isn't coming in.
2007-10-03 00:56:55 · answer #3 · answered by Elaine M 7 · 0⤊ 0⤋
I dunno, mine doesn't pull in a profit right now. I am still living in my parent's house though, so that helps greatly.
2007-10-02 14:42:38 · answer #4 · answered by Anonymous · 0⤊ 0⤋