BAEP 423 Lecture 5: Lecture 5
20 Sep 2017
School
Department
Course
Professor
Document Summary
Market research: yes, a(cid:272)(cid:272)ordi(cid:374)g to resear(cid:272)h, ve(cid:374)ture (cid:271)a(cid:272)ked fir(cid:373)s do(cid:374)"t retur(cid:374) the i(cid:374)itial i(cid:374)vest(cid:373)e(cid:374)t to investors, 90% fail to meet financial expectations set in the initial business plan. Revenue: the amount you receive from customers for products and services you sell, gross receipts. Taxes: small businesses, depending on how they are structured, are subject to federal, state and municipal taxation, small businesses are required to pay taxes on its profits, consider income tax brackets. Inventory: advertising, depreciation, utilities, reparis and maintenance, wages, postage, rent, car lease, supplies.
