The Net Profit Margin – Shows the percentage of revenue remaining after all expenses have been deducted from sales.
The net profit margin will differ according to your specific type of business. The net profit margin is intended to be a measure of the overall success of a business.
A higher profit margin means the firm is more profitable. This also indicates that the firms services are price correctly and cash flow is being used properly.
Your profit margin percent will depend on your industry, however a good rule of thumb is that your profit margin should be 15% or higher.
This is just a brief review of what we will cover during the Financial Exposed Workshop on April 12th in Atlanta, GA. The purpose of the workshop is to help you better understand your numbers then use this key information to grow your business. Reserve your seat today!
Octavia “The Profit Maximizer” Conner is a profit acceleration specialist, accountant, business advisor, speaker and best-selling author of the book titled Say YES To Profits: 3 Methods For Building The Profitable, Successful Business Of Your Dreams.
She is the CEO of Say YES To Profits, an accounting and business advisory firm that specialize in helping growing service-based businesses plug money leaks, increase cash flow and maximize profits faster, smarter and consistently.
Octavia is not your ‘typical accountant”. She works proactively with her clients as a business development partner, helping them double (even triple) their bottom line within the first 90 days of her guidance. She has been featured in YFS Magazine, Women Creating Wealth, the Atlanta Business Chronicles, Smart Hustle Magazine and many more.
For more information contact her team today at SayYESToProfits.com