06/02/2025
Deciding what to do with retained profits in a business can be a key decision. You have options to take the available profit as personal income via salary or dividends, leave the profit in the business to cover future business expenses and maintain healthy cash flow or use retained profit for reinvestment purposes. It recommends that business owners allocate 50% of their profits to paying themselves, 30% to taxes, and 20% for reinvesting in the business.
No I don’t phone around my competition and under cut there prices I actually have a business plan that’s one of the reasons we are here after 14 years. We sit down and do the sums please if your a business and your not doing this why?? What is the point of working so hard with little profit these fountains are the worst in the industry for taking up your time, and please even though they are low risk you still need to a qualification in food hygiene? The work that going into the preparation of the fruit, the setup the cleaning down, oh yes yes the customer doesn’t want to hear all off this I just want a cheap price ?? Well unfortunately my prices are set to a standard that we understand profit against losses and if you don’t want me to explain this don’t say my prices are to high it’s the other companies that are wasting there time with little or no profit margins simple. !
