January, 2019

Starting a business requires more than just a solid idea. There are so many other things to consider, such as how you are going to promote your product and how much you are going to charge your customers. After all, your ultimate goal is to make a profit.

So, how much should you be making?

Before you start selling your products or services to the market, a very important factor to determine is the profit margin. What is it and what is the ideal profit margin for a new business?