When you are running a franchise business, you need to know whether your revenue is greater than your expenses or vice versa. The sole purpose of running a business is to earn income; therefore, you should make your business work so that you won’t be wasting money and time. Here are some ways on calculating your income versus your expenses.

• Check on your expenses when you bought the franchise.

• Do an approximation of your income by checking on the other franchises. This way, you will have an overview of how much you will earn when you run your own franchise.

• If you have loaned from the bank or any financial assistance agencies, include that in your expenses. Do not forget to include the interest.