Small Biz Ahead
A Podcast By Small Business Owners, For Small Business Owners
6 years ago

How Do I Calculate Profits for My Merchant or Retail Business?

Episode Notes

When it comes to turning a profit, restaurants and other retail oriented businesses are at a slight disadvantage due to the extra costs associated with their merchandise. But, while these additional expenses can certainly put a dent in your profits, there are several strategies that you as a small business owner can utilize to recoup those losses. In episode #123, Gene Marks and Elizabeth Larkin advise restaurant and retail business owners how to calculate all their expenses, so that they can effectively price their products and generate the profit margins they desire.