247. Why Brick-and-Mortar Retailers Shouldn’t Avoid Profit Because of Taxes
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247. Why Brick-and-Mortar Retailers Shouldn’t Avoid Profit Because of Taxes
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When you’re running a brick-and-mortar business, there’s a fear you probably didn’t expect to have, thanks to taxes: the fear of making more profit. Avoiding profit is not the best financial strategy, and it can actually hurt your business both short-term and long-term.
While I’m going to share WHY this is, I want to also remind you to consult your CPA, financial advisor, and/or bookkeeper for clarification on if you can use this for your business and financial situation.
Listen to episode 247 for tips on how to navigate tax brackets as an indie retail brick-and-mortar business owner and visit www.savvyshopkeeper.com/episode247 for show notes to this episode.
Kathy Cruz is an Independent Retail Coach who helps store owners work smarter, profit more, and grow their brick and mortar businesses. Connect with Kathy and learn more here:
Website & Mastermind Group: Savvy Shopkeeper
Instagram: @savvyshopkeeper