Do you consider $30 a month profit as ideal for a new business?

[Min George]

For a new business that is just about three months old and it makes a profit of $30 every month. Would you consider that to be satisfactory enough for a three months business that has had up to $500 as a startup capital for the business. Is that a good profit level?

 

[magnus2022]

I think is okay if it is still a new business which i think still have time to grow and mature. In three months, is not doing bad but there is still need to grow. I think there is need to start doing aggressive marketing .

 

[Augusta]

Yes for a start it I'd not bad. what You need do is to try to sustain and build on that to make more monthly

 

[Nomad]

I think making $1 in daily profit or $30 in monthly profit can be consider good for the starting business

 

[eLdavis]

A business just starting, getting a profit of $30 in a month is pretty decent, with time it would definitely increase.

 

[King Belieal]

A profit of $30 every month is a reasonable level. Many businesses struggle to break even at that level.

 

[Springtime]

For a new business, making a profit of $30 a month is good. Some new businesses need to work hard to survive during the first six months.

 

[Kross]

Many new businesses always make very big losses for the first year of establishment and running of the business.

 

[Augusta]

I think making $1 in daily profit or $30 in monthly profit can be consider good for the starting business

Yeah this will not be too bad for a business that is just starting out. You just have to keep building on it

 

[Cpvr]

For a new business that is just about three months old and it makes a profit of $30 every month. Would you consider that to be satisfactory enough for a three months business that has had up to $500 as a startup capital for the business. Is that a good profit level?

It’s a pretty good starting point as every business starts somewhere. What type of business is it? Generating $30 a month as a new business can lead to more revenue as well, especially if you focus on what makes the business profitable and market it more.

Keep up the good work.

 

[Nomad]

When I started, my aim was to generate at least $1 profit per day. In the beginning, this can still be very difficult. However, ultimately, you might reach there.

 

[SilverLance]

This can be considered a reasonable start. It means that the business is on the right track and could grow as it gains more customers or optimizes its operations.

 

[Starmix]

It depends on the business that you're operating. If your business is about selling fruits and vegetables, $30 is too small for them. For my milk tea business in the mall, $30 is very small. My profit daily is more than that.

 

[eLdavis]

This can be considered a reasonable start. It means that the business is on the right track and could grow as it gains more customers or optimizes its operations.

True, there are some new businesses out there that cannot even boost of this kind of profit at the beginning of their business.

 

[Trush Jodie]

A business that earns up to $30 as profit in its first year is on a very good path and can easily double it in the second year.

 

[SilverLance]

True, there are some new businesses out there that cannot even boost of this kind of profit at the beginning of their business.

Many new businesses do struggle to achieve profitability right away. Even a small profit can be a positive indicator of potential growth.

 

[Suba]

To measure the profit for a new business will depend greatly on the type of business. sales turnover and capital, then your business capacity is less than 10%, so you need to work hard to increase profits to be higher and do not be complacent.