Businesses Online Q&A

Q: What is the best retail shop to open and run WITH THE MOST PROFIT?

A: Profits are a result of more than just product mix. You need to adjust for operating and overhead expenses too. The business setup and advertising expense take a hit on profits and certain products loot more tax out of each sale. The location of the business will determine the amount of local, city, state tax and licensing fees. The cost of the products from wholesalers is competitive and varies from one shipment to the next. When you plan the business correctly you can determine all of the various costs and revenues and have the answer to your question. You've asked a great business planning question, but there is no cookie cutter/one-size-fits-all answer. It takes precise planning and statistical analysis to put together the one best business for profits. Hiring a professional business management company will put you in the drivers seat to the MOST PROFIT.

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