Starting a business specializing in portraiture

Started Jan 24, 2014 | Discussions thread
PenguinPhotoCo Veteran Member • Posts: 6,284
Re: The Math Matters!

tcg550 wrote:

So profit is always cash then? Yes or no?

Profit is what is left after ALL expenses. Need it be in cash? I guess not, but you, as a business, need a set of books, right? How do you record the bartering?

And if you trade a session for a bushel of pepper how do you measure the profit? In calories?

I traded senior pictures for a side of beef. How does either of us (customer or me) what a fair trade is?
They sell beef at $2.60 a pound and gave me an invoice for 312 lbs of meat. I took that amount off my bill, they paid the balance in cash.

If you trade housecleaning then what is that worth? If you have them $300 in services,it must be worth $300 (to them, to you).

If you were paid $300 cash what would your profit be? It's the same in barter isn't it?

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