Business Finance

You might be wondering if you qualify for a business credit card as a contractor. Yes, however it depends on what the credit card company requires. Before qualifying you for a business credit card, certain credit card issuers may require you to have a specific amount of income or a certain number of years in … Read more

How much profit is enough in a business? A good margin will vary considerably by industry and size of business, but as a general rule of thumb, a 10% net profit margin is considered average, a 20% margin is considered high (or “”good””), and a 5% margin is low. Read more on www.tide.co The ultimate … Read more

What is the average profit margin for a spa? According to Cristina Ampil, PricewaterhouseCoopers’ hospitality and leisure analyst, the average profit margin for all four types of spas – club spas, day spas, resort and hotel spas and “”other”” spas – is 17.3 percent, with the highest profits coming from day spas. Read more on … Read more

How much money is needed to open a grocery store? Opening a store could demand an investment anywhere between 10 lakhs to 2 Crores depending on the size of the store. These funds will be needed for various actions that start with registration and spread over a wide variety of needs including the hiring of … Read more