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Intensify.biz > General Business > Starting a Business > how long to make a profit?


how long to make a profit?
 Moderated by: TPT  

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mom21
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Joined: Wed Jan 11th, 2006
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 Posted: Fri Jan 27th, 2006 09:18 pm

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How long does it usually take to make a profit with a new business? I have heard that it could take up to five years. If so, then how will I pay my bills? Do I need to try to keep my current job and run the new business at the same time?

TPT
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 Posted: Sat Jan 28th, 2006 01:32 am

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It depends on the business. Service based businesses usually achieve profitability quicker than businesses that require a storefront and inventory.



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mom21
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 Posted: Fri Apr 7th, 2006 02:51 pm

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Thanks. I know alot of people who had retail businesses  and restaurants that took so long to make a profit that they had to close down, but my business is in the service industry , so maybe we will do ok.


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