Although the term profit has many different meanings for different people, it is usually considered that profit means the earnings on the capital invested in a business ...
Every business has problems when unexpected disaster strikes. You find that your books and records are ruined and your computer has crashed. Or you find your tax returns have burnt up ...
There can be many pitfalls to watch for while operating your business, so your skills as a manager will be heavily called upon. If your business is a substantial one you may have other experienced people in the company ...