why do businessman earn profit
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because it gave mental satisfaction
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Explanation:
The success of a small business depends on its ability to continually earn profits. Profit equals a company’s revenues minus expenses. Earning a profit is important to a small business because profitability impacts whether a company can secure financing from a bank, attract investors to fund its operations and grow its business. Companies cannot remain in business without turning a profit.A business owner must understand the importance of profitability in business management and develop strategies that give the company the best chance at remaining profitable.
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