Is $20 profit daily for a small store good or not?

[Starmix]

That's right mate. If you can make this margin of profit daily then you should live comfortably here

I agree, the family could also have some savings. This amount is also good in my country. Having this profit daily will give a little comfort in living.

 

[Augusta]

I agree, the family could also have some savings. This amount is also good in my country. Having this profit daily will give a little comfort in living.

Definitely, but the problem is that having this kind of problem margin would need a good management of such business

 

[Starmix]

Definitely, but the problem is that having this kind of problem margin would need a good management of such business

The usual manager of the business installed at home, for example, is a wife. A wife knows how to save, and she does extra budgeting to avoid overspending. Indeed, this profit needs someone who can handle a business well.

 

[Augusta]

The usual manager of the business installed at home, for example, is a wife. A wife knows how to save, and she does extra budgeting to avoid overspending. Indeed, this profit needs someone who can handle a business well.

My point exactly, in my country for one to run a business and make that kind of profit then the business must have been greatly managed

 

[Starmix]

My point exactly, in my country for one to run a business and make that kind of profit then the business must have been greatly managed

If it is abused by the owner, the store will not thrive, and one day, the display will be nothing to snow for the buyers.

 

[Augusta]

If it is abused by the owner, the store will not thrive, and one day, the display will be nothing to snow for the buyers.

This is why a business owner needs to be creative and innovative to be able to run a business successfully

 

[Starmix]

This is why a business owner needs to be creative and innovative to be able to run a business successfully

One important thing to remember by business owners to avoid using the money earned from the store. It should be set aside after the net profit is resolved.

 

[Trush Jodie]

A business that makes profits of $20 on a daily basis in my country is a very rich business and can afford to employ up to four staff and pay them well every month.

 

[Springtime]

For our location, if a small store makes a daily profit of just $20 daily, the store cannot survive because rent for stores is really high here.

 

[Starmix]

It's assumed that this $20 profit, the store is installed at the home of the business owner, so there is no rent. It's crucial if the business owner is renting a space, he may need a huge capital and resources.