Derek Alvarez
Derek Alvarez answered

There's alot of factors that play into that.  If you're losing money but have a large order or big account your working on, then it may pay off to tough it out.  

On the other hand, if your losing money and the only way to stay in business is a large input of capital then you … Read more

Derek Alvarez
Derek Alvarez answered

Profit is what the business runs on.  If you have no profit, you don't get to pay yourself, grow the company or purchase anything for the company. 

 A business without profit can only last as long as the initial investment.  Once the investment money runs out, the business will close without profit.

Derek Alvarez
Derek Alvarez answered Epic Research's question

Depends on what your trying to achieve.  If you're young and want to have a lifelong investment then you should "buy and hold".  

Buy stocks that are going to be around for a while.  Examples:  MFST, WMT, KO.  These stocks won't go up a whole lot overnight but they are companies that are going to be … Read more

Derek Alvarez
Derek Alvarez answered Mari Shankar's question

Starting an online store can usually be very profitable.  The reason is because you don't have the high overhead costs of property and other things that retail businesses do.  You want to find a product that has a low cost to you but a medium to high cost to your customer.  This creates high margins … Read more

Derek Alvarez
Derek Alvarez answered joya lee's question

If your looking to start a website, you should first find a hosting platform that offers the features you will need.  Once you have built and published your website, you need to figure out what your selling and for how much.  Figure out who your customers are and how to reach them.  Once you at … Read more

Derek Alvarez
Derek Alvarez answered Galleon Brinton's question

First find a website building software that fits what you are looking for.

Find out what products you want to sell

Find a wholesaler so you can buy the products very cheap

Build your online store and market the heck out of it

Research SEO (search engine optimization) and take all the steps to get listed high on the … Read more