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What it takes to make a profit calculator from Profits Plus Small businesses often have a challenge of getting staff to understand the challenges of profitably operating a business. Too often the staff thinks that you simply double the cost of everything you buy, have some minimal expenses and then put the rest in your pocket. If only it were that easy. This calculator is provided to help you illustrate to your staff just what it takes to operate a business. Without sharing specific numbers, this calculator asks you to input several numbers from the operating expense part of your income statement and the maintained margin which also comes from your income statement. After inputting that information, pick an example item from your business and input the selling price. The calculator will then show how much of the sale of that item goes to each of the categories of expense and how much is profit. This calculator provides a great illustration, using your business, to show that it is quite a challenge to profitably operate a small business. |
APRIL 2024
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With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.
Small Business
"What's your score"? is the name of the April Small Business Advisory. This provides an introduction to our return on investment calculator. It is a great way to understand how well the investment you have in your small business is working for you.
Small Business
We believe Thursday, April 25 is an important annual celebration for small businesses. While the name of the celebration has varied over the years, the focus is for us to take kids to work with us.
This is important for the kids to see what it is we do. They definitely are not going to learn about it in school. Reading the April Small Business News you will see an example from community pharmacists that emphasizes it is up to us as small business owners to introduce kids to what we do.
While titled, "If not price", the April Article of the Month is asking the question about the focus of your small business in attracting and keeping customers.
If there is not something very special about your business, then the only attraction to your businessis that of a low price.
"The plan as you go business plan" is the April book of the month. The author is Tim Berry who has also created software on the same topic.
I do not agree with the concept of "fill in the blank" or "create the plan as you need it" because my experience has been that you do not have as strong as a connection and understanding to your business plan unless you do it yourself and you dedicate the time to create it.
