Importance of profit making to a business.

[Mikes smithen]

A business can never survive except it makes profit and generate revenue. When a business is able to make profit that simply means that such business is growing and its succeeding on the other hand it a business does not make profit it's obviously means that such business is dying and it is only a matter of time before such business go bankrupt or become liquidated. It is advice that before establishing a business that the individual intending to establish the business put into proper consideration the goods and services which such business is trying to sell or to render because giving proper consideration to these will help the business owner to know for sure whether such business will be patronized, that is whether such business will make profits or we just be a waste of time.

To actually discover whether such business will make profit proper factors and consideration need to be carried out such as carrying out feasibility study on the test on preference of individuals reciting on the area as well as the trends of such product or services.