I want to grow my profits but will growing lower margin work in the long term? Knowing and identifying where lower margin work does have an impact on gross profits will help you find ways to return to higher profits in the future.
This video demonstrates how a small change in Gross Profit Margins, can have a big impact on your company’s profitability.
If you are interested in further business insight read our ebook series The Next Step: How ambitious businesses can achieve their potential. What is the biggest challenge for any independently-owned company which has the potential to go further? Above all else, it is the ability of the owners to scale the business. Starting up and getting to a position where the company shows the potential to develop real significance is achievable with an almost intuitive approach. Scaling a business isn’t.