MGT Revenue vs Profit Comparative Essay
UtD MGT Revenue vs Profit Comparative Essay
Financing requirements and sources:
The following material from the SBA covers further information on determining your financial needs and methods for financing the small business. It includes sections on self-funding, finding investors, obtaining loans and other financing tools.
https://www.sba.gov/business-guide/plan-your-business/fund-your-business. (n.d.). U.S. Small Business Administration.
Financial management:
https://www.sba.gov/business-guide/manage-your-business/manage-your-finances. (n.d.). U.S. Small Business Administration.
-Here is something to think about – Amazon operated for years without a profit yet look at the organization today. Amazon was founded in 1994 and did not make a profit until 2001. Think about what happened and what changed?
Would you rather earn more revenue or make more of a profit? Define each term and discuss the differences between each one. Why would one be more important than the other? Explain your position and how you came to your conclusion?
As a small business owner, how would revenues and profits impact your business? Can a small business survive without a profit? If so, for how long?
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