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Nacnudrium

Why is it people think a business making $250k is a lot of money

When you consider that it takes 110k + to keep a business running in addition to personal income expenses there is not a lot of money for the small business to stay alive. Middle class America would suffer making way for the BIG business and little competion.
Yur Naem:

Is that 250k profit per year?

Thomas:

So very true Mele. That is why small business do not have a chance against big business!

Swifty:

Because they have no idea how much it costs to run and maintain a business much less make money off it. That is really a drop in the bucket to most businesses and not all that big a business either.

Sunglass:

People don't consider that only $50-$100K Might actually be going into the business owner's pockets. I don't really think that's a lot.

Porkenstein AKA Pork, Porky, Porkens:

If they manage $50-$100K out of $250 that is a pretty sweet profit margin 25%-40%. That is 4 to 10 times higher than the oil companies everyone is crying foul about.

Spr808:

Just BHO does.

Ricke124:

Because they think that is all profit. they space out the costs that has to come out of the money.

Swifty:

Very true pat,
Small business never knows what lies ahead. Anything they make needs to go into an emergency fund, just like a homeowner has to have a slush fund for unexpected, home repairs among other things.

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