Home Business Word of the Week
September 24, 2008 by Mary Emma Allen
HomeBizNotes.com
WORD OF THE WEEK
Over at One Book Two Book, my co-blogger, Marcie, posts a word of the week and a quote of the week. Since business terms sometimes aren’t understood by everyone, I thought I’d begin this practice here.
Today our word or term is net profits (net income). This refers to the amount of money left after you’ve deducted all your expenses, at least your operating expenses. The fact that you take in a specific amount of money doesn’t mean you have that amount to live on or are even making a profit in your business.
Does anyone have any explanation to add to this?
(c)2008 …read more