Is it good for a business to do $95,000 in the first 6 months (Jan1-Jun9). With 20,000 net profit?

Question

I started my business in january.
My business is doing ok. It's growing really fast and I cant hardly keep up... I even found a individual distributor to distribute my product but now he is making the growth even faster.... I took an investor on and had to give 10% of my company... which sucks...
I have three employees. A manager who makes 40k an hour and assistant manager that makes 30k a part time employee... It's just so tough keeping up... I have to pay them cash... and I never get to keep any of the profits because I have to reinvest constantly....

Answer 1

Really? YES!!! Any gain in profits is good. However is the question is hurting your bottom-line. Can you stay in business with that profit margin? If the answer is yes, ok. No, try restructuring your business so that is more profitable in the future.Do not pay in cash.Tell workers to set up direct deposit or paypal is another good low cost and hightech way to pay workers for free.(I say Palpal due to automatic book keeping and security)

I don’t think you should look at investing in your business as bad thing. You will reap the rewards later. Have you looked into making the company more automated? What can a computer tor analyst do to help you streamline your business and make it better? I think your on your way to being a good company and try not to over expand too soon. Slow and steady.

Answer 2

Dude keep it up and u might as well be a billionaire in future. But !!!!!! Why should ur employs have all da fun keep some money for ur self and enjoy the sweet flavors of success

Good luck :)

And oh don't fother to buy me a drink when u become super rich :p

Answer 3

YES,, However I know tht this story is fiction.