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Increasing Your Profit Margin

What is profit margin? What’s the difference between gross and net margin?This program begins with the definition of profit margin; arguably the most vital measurement in running any business. We’ll address and discuss ten strategies to improve profit margins and apply them to your service or products in an interactive exercise.

We’ll also examine and apply profit tips from expert sources like MasterCard and Yahoo, while discussing such topics as risk-taking, pricing, and discounting.

We’ll take a closer look at numerous costs within nine areas of business - from revenue acquisition to supplier costs; while extracting implementable ideas along the way.

As a final bonus, the importance of an accounts receivable system is carefully reviewed with suggestions on how you can apply an effective method to manage your cash.