M is for Margin Percent GoalsThe A to Z of Profit Growth – M is for Margin Percent Goals

 

It’s time for the next A to Z of Profit Growth… This week M is for Margin Percent Goals!

If you’d like more advice on how to increase your profits, we offer a free 1-2-1 discovery session. Call us on 0161 410 0016 to arrange a time that suits you. We hope to hear from you soon!

 

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KMA The A to Z of Profit Growth – M is for Margin Percent Goals

That’s it for this week’s edition. Watch out for next weeks episode.

If we can help with anything included in this edition or if you’d like to talk to us about anything Accountancy or Business development, then call us now on 0161 410 0016.

 

It’s that time again, it’s Kim with your next profit growth advice. M is for margin percent goals. As I mentioned in the G edition, goals increase profit. Today, we’re talking about gross and net margin percent goals. The way I go about tackling this is by implementing gross and net margin percentage targets, product-by-product or service-by-service. This will create the levers which will drive your company and help increase profits. Small tweaks across a number of areas will make a big impact on those margins. Each target is a piece of the jigsaw that results in an overall company profit increase. Also, a good idea to understand where you sit in your industry compared to the average gross and net margins. They’ll also help you understand the product-service mix and what is the most profitable product or service line to focus on, saving you time, energy, and money.

 

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