Strong OZ dollar, means anything when buying at local?

[gerhard]

Does it make sense to do 500 transactions a year and make $100 off each one or does it make better sense to do 5000 transactions and make $10 off each one?

It makes more sense to me to do 500 @ $100. That's 10 a week, or 2 a day, with "only" 500 customers to support.

Doing 5000 @ $10 seems to give the same end result of $50,000, but it's 100 a week, or 10 a day, with an additional 4,500 customers to support. Hell of a lot of extra work there. Reduces your effective hourly rate to an uninteresting number compared to example 1.

What a lot of small business people forget is to pay themselves for their time - If you can make $50,000 in a job you really need to make double that in a small business, since you should make wages and the business should make a profit. And you don't get holidays, sick leave, super, long service leave.