Today on the podcast, I continue the journey about profits and dig into understanding profit margins! In the previous episode, I shared how revenue was NOT the same as profits. Profit Margins are an easier way to be more transparent about your business instead of sharing the raw numbers. 

Here’s what we cover:  

1. The full Income Statement
2. Gross Profit Margins
3. My typical ideal for gross profit margins
4. Operating Profit Margins
5. Expense to Revenue Ratios

We also get a dip into the different profit margins depending on industries and why you need to STOP comparing yourself in business.. 

Need help grasping the concepts?!

Resources: 

• The Classy Cash Flow Kit
• The Major Margins Bundle