Why is profit important in a business?

Answer It can be said that profit is the main motivating factor in operating a business, but why is profit so important? Profit provides several benefits for the business itself and the owners.Pays the Ow... Read More »

Top Q&A For: Why is profit important in a business

How do i set up a not for profit business?

Organizing a not-for-profit business is often a necessary part of supporting an issue of private or public interest where there is no intention to operate the business for any personal gain. A not-... Read More »

What is a not for profit business?

Despite the name, a not-for-profit business can make profits. It is how those profits are distributed that differentiates a nonprofit business from a for-profit business. While it can be difficult ... Read More »

What is a non profit business?

A nonprofit business is one that forbids the distribution of profits to the owners. This gives the business the ability to collect donations and become exempt from certain federal taxes. The money ... Read More »

What is the business name for profit?