A new business owner must operate for at least six months in order to collect sufficient information to calculate net sales from a profit target.

Question

Quizplus · Accepted Answer

A new business owner can calculate net sales and profit target projections using estimates and industry benchmarks before operating for six months. It is recommended for the owner to have a clear understanding of their business operations and expenses from the start, but adjustments and fine-tuning can be made as more information becomes available over time.

A New Business Owner Must Operate for at Least Six