Every business man or organisation who is involve in any sought of business or marketing would have to note this down . this is because it will help you to be aware of your business status in terms of source of funds or income .
How dies my business actually generates income ?
For every business, there must always be profit, but it got to be in different ways and styles .
To be able to identify or know how your business generates it's income then you will have to take out some brief and quick observation about it .
For instance, if your business is a type associated with the selling of goods, services and commodities . the first thing you do is to Check out the productions rate.
Yeah, you can just easily calculate how much you spend in terms of producing the products , then you compare it with the terms of distribution or discharging it go consumers or people . Any of the two stages that tends to require low spending is said to be the source of your income of your business .
As far as any business is concern, there ought to be a source of income for it , so fish out yours if still in process .
How dies my business actually generates income ?
For every business, there must always be profit, but it got to be in different ways and styles .
To be able to identify or know how your business generates it's income then you will have to take out some brief and quick observation about it .
For instance, if your business is a type associated with the selling of goods, services and commodities . the first thing you do is to Check out the productions rate.
Yeah, you can just easily calculate how much you spend in terms of producing the products , then you compare it with the terms of distribution or discharging it go consumers or people . Any of the two stages that tends to require low spending is said to be the source of your income of your business .
As far as any business is concern, there ought to be a source of income for it , so fish out yours if still in process .