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Why profit margins matter? Weekly bizTips- Issue #77

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Hi  "What is profit margin?" I hear you say.  It is one of those simple tools that helps us make our
 
May 24 · Issue #77 · View online
biz Tips from Zufi, Kas & Gerry
Hi 
“What is profit margin?” I hear you say.  It is one of those simple tools that helps us make our businesses more profitable.  It encourages you to understand which sales are generating what kind of profits.  This then helps you focus on the sales that generate the most profit - not money! 
The video talks you through the basic concept using two different companies.  It helps you understand how you could be making less money, but be more profitable at the same time. 
If you would like to discuss this further please come to Thursday Knowledge Cafe session - both Gerry and Kas are ex accountants :) Or you can organise a one to one session online.  

Why profit margins are really useful?
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Till next week
Zufi, Kas & Gerry
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