I have a chilren's store that I opened from scratch and this October will mark one year. My main question...
When figuring profit, do you count the unsold inventory into the equation? Meaning, if I sell $7,000 a month and my expenses that month are $4,600 (that includes the inventory sold), then would I have a profit?
If I count the unsold inventory, then I would never make a profit. Any advice for me? I am doing really well and can only keep growing.
Thanks