Figuring out if a business idea is feasible comes down to a very simple, age-old business formula:

Profit = Revenue - Expenses

It’s a very easy formula, but coming up with the right estimates to determine the feasibility of your idea can be a bit trickier. That’s why we’re walking you through each piece of this equation to help you figure out if you should move ahead to creating a business plan.

Before we get started, it’s important to note that this exercise is based...

If you’ve been following our podcast, you might be starting to wonder just how much it costs to start and run an online business. Today, we’re going to dive into the various expenses by sharing our current costs with you for our business. 

It’s important to consider your operational expenses from the start so you can assess the feasibility of your business idea. They’re a crucial piece of planning your company and determining how viable it is. 

Right now,...