Please forgive me. But I am needing help. I am running a business for 15 years. And another for going on 3. You would think that I would be good at this by now. How do I have a profit if I’m barely surviving. I don’t have any money left over to pay taxes let alone call it a profit. It’s like I’m struggling. And can’t figure this crap out. -Mr. Overwhelmed
I have a different perspective here. First, why are you running 2 different businesses? Running a business is very demanding and stressful, and it’s the rare entrepreneur who can run 2 at the same time equally well. If you’re struggling to make money, my advice would be to focus on one business and let the other one go. You said in another comment that one of them is more profitable. Focus on growing that one and stop wasting resources on the less profitable one. It’s a lot easier to grow one business than it is to operate 2 businesses at the same time, as it just means fling more of what you’re already doing, hiring more of the same positions. You can realize economies of scale at larger volumes than you can at smaller volume