Does anyone know a professional definition of Overhead and Profit? I'm updating my business plan and notes and am trying to professionally diferentiate the difference between overhead and profit.
I know overhead includes things like insurance, power bill for office, etc, etc, but where do you separate the idea of profit and overhead? Just looking for a professional way to put it on paper.
I know it sounds like a "immature business question", but I'm taking evaluation of my business, and doing some updates in the way I run it, and my rates. I've decided that my rates have to increase to cover my taxes, etc. etc. if I'm going to continue to make it. I've been on my own for about 6 1/2 years now, and need some serious reorganization.
I have found a good website that has good information on things like this, but have not entirely investigated all of it. Here is the address just in case someone else would like to see it:
www.toolkit.cch.com/ Thanks Steve..
[This message has been edited by sparkync (edited 10-20-2006).]
[This message has been edited by sparkync (edited 10-20-2006).]
