Most businesses don't start making money right away. You might start selling from day one but it will take months before you actually start making profits. How long can you wait to make a profit? Can you continue to work even when you are not making any income? Can you afford to wait for profits for at least a year? How will you keep your business going if you're not making money from it yet?
How long can you wait to make a profit?
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As long as I know I will definitely make profit, I don't mind waiting for long. When I started my business, it took me a month plus before I started getting customers outside my family and stared making profit. Even right now I believe the profit is still not enough and I can do more.
If the business owner conducts a business feasibility study, he or she can know the possible profit when it is launched. The rationale is that he or she can forecast the possible profit weekly, monthly, and yearly. This is the core of having a business.
It is impossible for a new startup to make profits right away. I think it really depends on your business. Some business may make a profit after six months. Some may take a year or even longer. When you start the business, make sure you have enough funds to operate the company before it makes profit.
I think I can be patient to wait for a 6 months timeframe before I make profits. Profits bi matter how marginal it is would motivate you to do more for your business.
I was in business designing and executing landscaped gardens. We worked on receiving advances. We used to keep aside a percentage from that advance as our earnings. Since we also took up maintenace work we did that only after we received full payment
I am willing to be patient if I am aware that I can profit from it, like with blogging. Earning money from blogging does not happen immediately; it takes time, but I can be patient.
Business profit needs time and patience long as I know I will definitely make profit, I don't mind waiting for long. All business people should know this
Business profit needs time and patience long as I know I will definitely make profit, I don't mind waiting for long. All business people should know this
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Business profit needs time and patience long as I know I will definitely make profit, I don't mind waiting for long. All business people should know this
