Do you calculate how much you profit in a day?

[Starmix]

Do you calculate how much you you profit every day? I think it is case to case. For my milk tea business, I can calculate how much to profit everyday. The contents are being measured and that must be matched with cups being disposed by hindered. It's one reason why my staff cannot cheat me because of the calculations.

For businesses like grocery stores, the business owners can calculate how much they capitalised and the supposed profit every week or month on merged sales.

What about your business, do you calculate how much to profit?

 

[Suba]

It will be too tired if we have to calculate the profit every, day, we can measure or estimate profit only from sales turnover every day, whether you agree.

 

[Starmix]

It will be too tired if we have to calculate the profit every, day, we can measure or estimate profit only from sales turnover every day, whether you agree.

In my case, it is easy to calculate. I just count the number of disposable glasses that were taken out by the customers. The sale must tally with the disposed glasses. In your case it might be tiresome, but you can instruct your cashier how much is the sale in the day and in the coming days.

 

[Suba]

In my case, it is easy to calculate. I just count the number of disposable glasses that were taken out by the customers. The sale must tally with the disposed glasses. In your case it might be tiresome, but you can instruct your cashier how much is the sale in the day and in the coming days.

I think, in your business case, it is also still an estimate of calculating profit, my dear friend, because you have not calculated employee salaries, security and cleaning costs, transportation, employee lunches etc.

 

[Fidelia]

I think it is necessary to calculate your profits everyday so that you know if you are on the right path to making profits or not and possibly make adjustments.

 

[Starmix]

I think, in your business case, it is also still an estimate of calculating profit, my dear friend, because you have not calculated employee salaries, security and cleaning costs, transportation, employee lunches etc.

My staff live nearby. They do not commute is walking distance. My staff bring their own food. There is no free food. They receive a daily allowance of $2.

 

[Suba]

My staff live nearby. They do not commute is walking distance. My staff bring their own food. There is no free food. They receive a daily allowance of $2.

In addition to the allowance, do your employees also receive a monthly salary, are there holidays at your workplace, what time do you open and what time do you close.

 

[Starmix]

In addition to the allowance, do your employees also receive a monthly salary, are there holidays at your workplace, what time do you open and what time do you close.

Yes, it is part of the laws in my country. My staff receives their salary every 15th and 30th of the month. They can also make a cash advance if it is very necessary, When the mall opens, that is also the time all space renters open which is 10 in the morning and closes at 9 in the evening, but I close my business at 7 in the evening.

 

[Augusta]

Yes good business owners did to know their profits daily by calculating it. it would help one to stay informed on this

 

[Starmix]

I calculate how much to earn in a day and how much to earn more for a good profit. I am always inspired by the sales of my milk tea business. At least there is some amount I can save in the bank for future use.

 

[Nomad]

I am not involved in daily trading, so I do not make daily profits. But I make money daily by selling products and services

 

[Springtime]

I do not own a business. I do count how much money I make a day by doing translation work.

 

[freelancermaria]

Like @Springtime, I do not own a business. I work as an online freelancer and I am unsure of my daily earnings, but I know they are modest. Hehe

 

[Starmix]

Though not all have a business but I am sure that you are also calculating your monthly needs to match with your net income monthly. Calculation does not only apply in business. We can't even calculate our actions.

 

[eLdavis]

I do not calculate my profit per day, since my line of work at the moment is not something that generates daily profit.

 

[Starmix]

In my case, I calculate daily so that I can make a compare-contrast on a day or days sales have gone up or not. In case decreases daily, then there is something wrong. I a thankful, it increases daily.

 

[neku]

I receive payments only a few times in a month so I check the total receipts and expenses for the entire month at the end of the month so that I can plan for the next month and also take decisions accordingly.

 

[King Belieal]

Since I don't have to sell everyday in my business, I do accounts for the specific days that I have to sell.

 

[Starmix]

I am always excited to calculate my profit everyday. When I am at home in the evening, I calculate how much I gain in the day. I am happy with what I am doing every evening calculating my profit.

 

[Suba]

After we can calculate the average profit per month, we can also calculate the average profit per day, besides that we can calculate the break even point per day by grouping costs into fixed costs and variable costs.