Title: What Are the Benefits of Making a Profit? | Your Business
Headings: What Are the Benefits of Making a Profit?
What Are the Benefits of Making a Profit?
Retained Earnings
Owner Income
Business Growth
Company Morale

Content: This is usually a contrasting way to use retained earnings as opposed to paying dividends. With profit, you can invest in new buildings, equipment, labor, supplies and technology infrastructure. This can create a domino affect, leading to more profit in the future. Additionally, profitability makes your business more appealing to banks and creditors, which gives you possible access to loan funds for growth. Company Morale
An indirect benefit of making money is that it positively impacts company morale. Owners naturally feel better about their time, energy and monetary investment in operating the business. Employees may also take pride in knowing they work for a profitable, successful company. Additionally, profit allows a company to operate with a more employee-friendly approach regarding strong compensation and resource provision. This can instill greater faith and a sense of security in workers. References
Sullivan Dewing: