Start up phase of business, how do I know am I doing OK?
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ahmed
Apprentice
Joined: 27 Mar 2007
Posts: 3
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 Posted: 07/30/08 - 04:19 Post subject: |
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| Hi. I am going through the horrors of setting up shop at the moment. And as it is the first time, I have to say that I am very insecure about it all. We have not reached break even yet, and I am starting to get really worried now. Please tell me how I know if I am doing OK? |
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cassandre
Apprentice
Joined: 03 Mar 2005
Posts: 3
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| Posted: 08/29/08 - 03:29 Post subject: |
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| I don't know how long ago you have started, but in principle the break even point should be achieved relatively fast. If you are running at a loss for month on end, this is very bad for your business and it can be a very valid reason to throw in the towel and wind up your new company, sadly. |
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