
PROFIT
To profit means to earn money from something; for example by buying the stocks at lower prices and selling higher. To profit also means to gain advantage or derive benefits from something or by doing something; for example you should expect to profit greatly for our Blogs and other future posts.
Every investor needs to earn profit to be successful. Profit is the remaining REVENUE also known as INCOME after an investor has accounted for all expenses.
This profit can be spent or reinvested into same or other profitable ventures; to encourage growth or more profit.
Profit is an essential outcome of running a business. The primary goal of most investors is profit.
With good profits, businesses can expect to continue flourishing our focus will mainly be on NET INCOME after deducting all businesses expenses including taxes and interests. I can increase my profit in the following ways:
By increasing my income in three possible ways:
By increasing the price of products or services.
By selling more products.
By finding new customers.
By cutting costs; direct and indirect costs.
By removing products or services that are not selling well.
