By | May 16, 2019

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This is the cornerstone of a business plan. Many young people dream of how they will make millions. Instead, think of how you will develop and sell one product or one hour of service and make a profit; everything will build from that An economics of one unit will have three numbers: the price of one unit, the cost of goods sold (which is subtracted from the price, leaving the “contribution margin” – or gross profit). This number is key, as it will be added to the fixed costs per unit. The resulting number will be your profit (before taxes).