When can a new business start expecting profit?
When a new business can generate profits, depends on the type of business and the amount of capital issued.
Usually a business engaged in services, more quickly generate profits from businesses related to goods and buildings.
Such as my example that opened a laundry business, in the first two months I have earned the equivalent of one time capital I spend.
I see the service field is very promising with a rapid turnover of money as more and more users.
I suggest for those who want to do business, look at all the opportunities that exist around you, and dare to try to open their own business.
Depends mostly on three main things: DEMAND. SUPPLY and QUALITY of the product/service.
If you're business is currently in demand or will be in the future, then you should expect profit as soon as possible. This also assumes that you have sufficient supply to go with the demand and the quality of your product/service is at least "decent" or "exceptional".
One major reason why businesses fail is that they focus too much on marketing. These three should go hand in hand together. If you have too much demand and little supply, people would think that your product is unreliable. If you have too much supply but less demand, people would think that your product is lame.
It depends on a few factors:
1. How much money you invested into the business in the first place (initial capital)
2. How much money do you need to keep it going (operating expenses)
3. How much money you can make from each sale (your profit margin)
4. How many customers you can get each month
5. How hard you are willing to work
The lower your initial capital, the lower your operating expenses, the higher your profit margin, the more customers you get and the harder you work, the faster you can expect to see a profit.
And this is assuming you are able to solve a large and painful enough problem in a way people will pay you money for.
If not, no matter how little initial capital you start with, how low your expenses or how high your profit margin, it is unlikely that you will get any profit because you won't get any customers.
So the key here is this: first, build a business offering a product or service people want to buy. Otherwise, that's not a business. It's a hobby.
A new business should start expecting profit fron the first six months of doing the business but it also depends on the kind of business,some business do have delay in making profits so for such business at least a year will be ideal for exoectation of when to make profits
Expect no benefit.
What's more, on the off chance that you expect a benefit, or endeavor to make a benefit in the early
going, where you are going is "bankrupt." (Which will likely happen, in any case).
The primary occupation of any business undertaking is Deals, not benefit. You require deals
to catch piece of the pie, you require deals to get more deals, you require deals to pick up
acknowledgment, you require deals to approve your item or administration. You require deals to
exercise and flawless your activities. No deals, and no nuthin'.
Consider it along these lines: A traveler stream uses colossal measures of fuel at full power when
it barrels down the runway. On the runway, while it is moving, it is fundamentally going no place; maybe even headed the other way of the goal.
Five thousand feet, six thousand, seven, eight, and as yet nothing. In any case, in the end, all that
power and used fuel brings about a lift off. Course revisions made, and now we're getting some place!
Which implies you'll require trade to wear out the beginning periods. On the off chance that you are
fortunate and everything works right, benefits will accompany course redress and speeding up.
Be set up to acknowledge early misfortunes.