Hello everyone, I took a bold step like two weeks ago, and I started a small business(selling of perfumes, perfume oils etc) and all and I was so happy I did because, I had series of doubt but after much prayers and decisions, I did. To cut the long story short, I have been making sales and all, but the issue is I actually bought another products from the money I made selling the first items I bought( from my initial capital), pls how do I calculate my profits even though I haven't sold all of the initial items first, because I have been calculating since, I don't even get it. Meanwhile, it means I have two batches of goods now, the new one I just bought and the ones from my first sale I'm still selling. Pleas does anyone here knows how to go about knowing when you make profits or sales or when at loss.
P.S, this is my first time doing business and I'll really need your help. Thanks. Also, I'll need tips on running business too.... Like how soon is it possible to get a business name and things to expect as a first time entrepreneur �

olabisi99:
Hello everyone, I took a bold step like two weeks ago, and I started a small business(selling of perfumes, perfume oils etc) and all and I was so happy I did because, I had series of doubt but after much prayers and decisions, I did. To cut the long story short, I have been making sales and all, but the issue is I actually bought another products from the money I made selling the first items I bought( from my initial capital), pls how do I calculate my profits even though I haven't sold all of the initial items first, because I have been calculating since, I don't even get it. Meanwhile, it means I have two batches of goods now, the new one I just bought and the ones from my first sale I'm still selling. Pleas does anyone here knows how to go about knowing when you make profits or sales or when at loss.
P.S, this is my first time doing business and I'll really need your help. Thanks. Also, I'll need tips on running business too.... Like how soon is it possible to get a business name and things to expect as a first time entrepreneur �

. Pls, I'll appreciate your kind inputs.�