When to Expect Profit for a Start-Up Business by Michael Savage

Jan. 7, 2013 - PRLog -- Michael Savage, located in New York City, NY, suggests that it takes a few years for a business to become extremely profitable. Because the cost of starting a business can be so high and a new business needs to establish a customer base, they will usually incur a profit loss in their first year.

When first establishing a business, start-up costs include the expenses incurred to get the business going. Some start-up costs may include the cost of training conferences, advertising, and creating a new website for the business. Because the start-up costs happen before the business is fully established, up to $5,000 of costs are deducted in the year the business is started. Thus, the remainder costs are deducted over time. Therefore, it takes time to become extremely profitable for a new business.

Michael Savage provides advice for new small businesses in order to help them gain a business advantage. Although new businesses usually see a profit loss in the beginning of starting their business, with experience and knowledge, they will eventually obtain the earnings that they desire.

About Michael Savage

Michael Savage is associated with 1800Accountant in New York City, NY. They assist business owners in the fundamental steps and guidance to operate a successful business. These steps include structuring a business plan, setting up a payroll system, maintaining recordkeeping, updating business documents, and properly filing business and personal taxes. 1800Accountant provides outstanding customer service to their clients. To learn more information, please visit: http://1800accountant.com