Formula for Profit - Submitted by Wendy Royston

The following equation will produce the hourly rate required for your shop to produce required profit.
Fill in lines 1 - 12 with monthly rates

Note: Your figure on line 21 is the total hourly rate required for profitability

The following equation will produce the required number of dogs you must groom daily to yield a profit.

Note: Total on line 4 is the total number of dogs you must groom daily for profitability.

This worksheet is based on a one person shop with no employees. Employees wages (incl. all Unemployment Insurance premiums and Canada Pension Plan premiums) mus be included in the first portion if applicable. Any loan payments, etc. related to business must also be included.

printed with permission of author, John Proctor