Brought to you by the Every Dollar app. Start budgeting for free today.

My question is in regards to funding inventory for my small business.

So currently this is going to be my third year in business. We're expecting to hit $2 million this year.

Great.

Yeah, so I don't have any employees. just me and my wife helping me on the side.

So my invent, my, my, my most, about 70% of all my business expenses is just in cost of goods.

So my question is.

So you netted two million or you grossed 2 million?

That was my...

No, that was my...

That was my revenue.

So you should be netting about 400 this year.

Your gross profit on that would be about 600, yeah, 400.

And then you'd have some other miscellaneous expenses.

What other expenses do

you have other than cost of goods um it's just basically uh rent among some other things that we do

it's consumer electronics so each of them have to be inspected and tested um yeah and cleaned all that

what does it cost you?

What are your expenses, Ron?

You said you had a, you said you're a 70 or 30% gross margin, right?

It's about, it's about 25%. Okay, so 25% gross margin.

So on $2 million, that'd be $5 million gross profit after cost of goods sold before operating expenses. What would

...