In the process of opening a new business. How do business loans work - I know I need a business plan etc before I can apply for a loan, but what’s some other info? What’s the interest rate range, what’s the range of how many yrs u can have the loan, range of [...]
Posts Tagged ‘Opening A New Business’
Why start a new business when an economic profit is ZERO in a competitive markets?
Suppose I was working and was paid $50,000 a year.
Now, I decided to open a new business and earn no economic profit, right? But as you know, economic profit already includes my opportunity cost, which is $50,000. So, here I can conclude that I’m earning that $50,000 in a new business too…
My question is “What [...]
