Why Does Profit Margin Matter?
Profit margins can make or break your business. What do you know about your profit margin?
In this episode of Inside Gift & Home, we’re diving into the importance of strong profit margins for retailers and wholesale vendors. You’ll learn how to calculate your margins, what a healthy margin looks like in the industry, and how weak margins can hurt your business. Plus, I’ll share a book that can help you improve your profitability — “Profit First” by Mike Michalowicz and go to www.profitfirstbook.com for free resources.
Whether you’re struggling with pricing, rising costs, or cash flow, this episode will help you take control of your bottom line.
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