You betcha it is! The only question is how profitable are you. If no one cares about your business, you’ll likely not make much money for it. If your business is successful, you will be able to make a lot of money. The only problem is that people generally can’t tell the difference between those who make a lot, and those who make very little.
The way to determine profitability is to look at a business and compare its profitability against other businesses. The more successful a business is compared to other businesses, the more likely it will be to survive.
Here is a list of some of the key characteristics of profitable manufacturing enterprises:
• Employees are paid according to the skills they bring to work.
• The profits for the day, week or month are shared amongst all the employees of the business.
• The profits depend heavily on how long the business continues to make the product and how many people are able to use it
• The profits depend on how the business grows.
In most cases, people are satisfied with the conditions of work at a manufacturing business. They can get a great deal of work done quickly, and it doesn’t take all that long to make a profit in a year. That’s why most companies have employees that have been with the business for a while. The longer it stays in business, the more people there are that love to work in it.
In my experience, most people who work in manufacturing do like their jobs. The employees can take pride in the fact that their employer has produced some of their favorite products. Even the worst off employees can find satisfaction for doing their best work for their employer. It’s just not always about the paycheck.
In our next post, we’ll get into the details of profitability for many of the common manufacturing enterprises. As always, please leave your feedback!
In this blog, we’ll be discussing profitability for manufacturing of certain products. Manufacturing can be as lucrative as it is at any other business, but can it be more profitable? If you’ve got questions or comments for the blog, you can email me or leave comments on my Facebook page.
With less than two weeks until the general election, some in the Liberal party are starting to worry that the party is losing its soul.
While the Liberals will be hoping to retain the balance of power it gained from Prime Minister Stephen Harper’s minority government, the Liberal government is running into a number of problems.
Here are four ways this government has failed in its efforts to
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