You can have the best idea for a business and be making sales in the millions, but if you are not managing your money well and generating a profit from your business consistently, then it will die.
The goal of your business should be to have the highest profit margins possible so that you can make the most money possible in your business. As business owners, when you create the most profit potential, that’s the money you get to keep as business owners.
But when capital runs out, the business will shut its doors. No business can survive with perpetual losses. Therefore, profit is a vital part of the business.
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