Augusta
VIP Contributor
A business is about buying and selling for a profit. Without profit making there’s no business. So how best a business cans makes the needed profit. See the 3 simple ways below
Sell at a price higher than the cost price:
This is like the first rule of maximizing profit; you will only make profit when your selling price is above your production cost or the cost price of your product
Lower expenses
What kill some businesses are high expenses, cut out worthwhile expenses and spread the expenses in the long run
Make sales
No truer words than this, you can only make profits by making sales. So try to make sales daily to have some profits.
What’s your thought on this?
Sell at a price higher than the cost price:
This is like the first rule of maximizing profit; you will only make profit when your selling price is above your production cost or the cost price of your product
Lower expenses
What kill some businesses are high expenses, cut out worthwhile expenses and spread the expenses in the long run
Make sales
No truer words than this, you can only make profits by making sales. So try to make sales daily to have some profits.
What’s your thought on this?