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Podcast: The Numbers Game
Episode: Profit Margins: The Difference Between Growth and Going Broke
Description: We take a look at why some businesses thrive while others barely survive, breaking down gross vs net profit, how margins impact your bottom line, and why choosing (or tweaking) the right business model is key to long-term success.On this episode, we discuss:(00:00) Intro(01:17) Choosing The Right Business For Your Future Income(02:29) Gross Profit Vs Net Profit Explained(03:32) Passion vs Profit: The Reality Of Running A Business(07:03) Why High Gross Profit Gives You Flexibility(08:37) Construction Industry’s Slim Margins And High Risk(9:46) The Costly Impact Of A Bad Co...