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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. PROFITS PLUS, FOUNDER OF...
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FEBRUARY 2025
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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
Hopefully there are few small businesses that are operating with handwritten documents. Whether you have a point of sale (POS) system; Curstomer relationship management (CRM) system; or anything digital that helps you better operate your business, there remains a question.
Are you using everything that you bought? That is the focus of the February Small Business Advisory.
Small Business
As small business ownerss we are sure to disagree on many aspects of business management and ownership. However there are two items that I will always insist on.
The first item for you as manager and owner of a business, you must inderstand financial information. You cannot leave it to an accountant. The second item is you have to invest in educating your staff regarding their responsibilities within your business.
Most every small business has inventory. It may be inventory used as a part of your services. It may be inventory for items used in your business. The article of the month shares ideas of how you should control the inventory. This is important because you do not want to run out of the necessary inventory, and you do not want too much of your money sitting in more inventory than you need.
You cannot beat your competition unless you know what they are doing. The February book of the month is, The Everything Store, written by Brad Stone and Jeff Bezos.
