‘[tweetmeme source=”RoseA_smallbiz” only_single=false]’ It is important for the entrepreneur to know the revenues. we can’t take it from them thinking about this matter. However, it is more important to think and focus of what really is essential, and that is the profit. Entrepreneurs are encourage to focus more on the profits rather than the revenues.
You have to know your profit before making a deal. If it does not give you any profit at all, then there’s no sense for you to close the deal. The first rule is, know how much you can profit in every transaction or deal.
It could be understandable that at the first stage of your operation, you may be closing deals at cost so you can be able to put the list of your clients on your portfolio or business profile, but that should not always be the case. It should not remain a habit because it is not recommended.