Re: Thinking of opening a business
Thats ok if your selling houses wadey, but if it is food, the profit margins are more like 100 - 200 percent, and you would need to sell many more sandwiches to pay your way, it is outlet dependant, and volume is the key to many sales of smaller value, but you need to have a good product to turn the volume, to turn the volume, you need staff, wages, probably a delivery service, and would still need, in many business outlets, an internet sales website. One of the killers is advertising, £5,000 is not unusual for a small business to be in yellow pages, that alone is £100 per week.
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