A business must be making profits to be able to run for a long while. Some people hire others to deal with the financial aspect while other business owners, especially when new prefer to do it themselves.
Generally, profits is any money left over after the expenses for running the business have been deducted from the revenue. Some people also consider fixed costs like machinery while others don't.
Generally, profits is any money left over after the expenses for running the business have been deducted from the revenue. Some people also consider fixed costs like machinery while others don't.