Its All About the Profit - Marvin Carolina, Jr.

The Importance of Profit in Your Business – Marvin Carolina, Jr.

If you’re like the vast majority of small-business owners, you’re in business to make money. Nothing wrong with that. I’ve found, though, that lots of small-business owners — who claim they want to make money — don’t understand how to make money. So let’s talk revenue, profit and profit margin. Revenue is income received from making a sale. While it gives an indication of how much business you’re doing, I…

Skills You Need to Succeed in Business - Marvin Carolina, Jr.

Skills You Need to Succeed in Business

To succeed in business, you need to ensure your skills are suited for your industry. I have talked to lots of small-business owners across the country, and these are the most-common reasons the owners I talked to opened their businesses.

What is Your Business Worth - Marvin Carolina, Jr.

What Is Your Business Worth?

When sales are strong and business is doing well, you may give little thought to retirement. When you do think about it, you may tell yourself that when you are ready to sell, you will get a good price and live comfortably off the proceeds. Perhaps. But what if you cannot get a good price for your business? Or worse: What if no one wants to buy your business.

Marvin Carolina Jr.: You deserve a raise, put yourself on the payroll

You Deserve a Raise, Put Yourself on the Payroll

You have spent long hours getting your business started, and you continue to work long hours to ensure it runs smoothly. You deserve to be well-paid for the work you do, so pay yourself what you are worth. There is another reason, though, for doing so. It is good business.