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But the main innovation is a "business net receipts tax" on the difference between gross sales and purchases from other firms.
Mr. Bertone, who died in 1997, cast his business net particularly wide, in an era when the word globalization was unknown.
In 1999, he became COO of a web services company called Virtual Internet, building its brand protection business Net Searchers to European market leadership before fronting the company's exit to a larger US player.
Business net operating losses?
Enterprise profitability is usually measured by an increase or a change in a business net revenue over time.
Yet the founder's son has cast his business net beyond the seafood and food business built up by his father.
Similar(45)
His business nets a quarter of a million a year, and now has large place in Fifty-sixth street.
Mr. Chowdhury boastfully returned to his world of numbers, saying that in a good year the business netted $1 million.
See articleUBS reported that its wealth-management business netted SFr1 billion ($1 billion) in new money in the third quarter, after several quarters during which it recorded steep outflows of cash as clients withdrew their funds.
Travis Gangl, who opened a Liquid franchise in Red Deer, Alta. in 1999, says his business nets more than $1 million a year.
The draw for investors is spelled out in the latest Men's Wearhouse quarterly report, which indicated that the company's rental business netted it $142.2 million for the quarter ending November 2, 2013.
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