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what is the importance of having profit in your business explain your answer

Sagot :

Explanation:

Profit equals a company's revenues minus expenses. Earning a profit is important to a small business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and grow its business. Companies cannot remain in business without turning a profit.

To avoid bankruptcy

Explanation:

Profit will make your business grow, if fhere is a profit in a business it's a good sign that you're doing good on that business that u built