Complicated calculations might not be a particularly exciting topic – but it's not rocket science either. In order to accumulate substantial profits in your business account at the end of the day, you need to keep just 4 factors in mind:
- Purchasing – for all the food and beverages you need, and don't forget the delivery and transport costs
- Expenses – those pesky odds and ends wanting to be met: power, water, rent, franchising or leasing fees, insurance, maintenance and waste disposal
- Payroll – your staff needs their salaries, wages and social security
- Taxes – remember your VAT and income tax! Many an insolvency has been the result of back payments.