Conversation Agent - Valeria Maltoni - B2B: What's Your Cost of Doing Business?

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Ignacio:

I love those stories as they really drive home the importance of earning a good day living for sustainability. The other (related) thought you prompted with your comment was how long before one should expect to go from red to black when starting a new business?

My mentor feels that a business should be profitable (in the black) from day one. I tend to agree, but know it is not (almost) always the case.

I remember my first job out of college was with a really small business, and the owner knew, by the penny, how much money he needed each day to open the door for business. All costs (payroll, real estate, etc) were included in a "per day" number. I just remember being impressed by that. He just knew exactly how much each day of his business cost. Since then, with many other jobs I've had and interaction with business onwers, many of them didn't know how much it cost to open their shop each day.

Ignacio

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