If I asked you what your profit margins were, would you? :a. excitedly tell me, down to the decimal?b. groan and lament on how they need to be higher?c. have no idea what I’m talking about?

By the end of this episode, you’ll not only understand why you should know yours but be able to figure your profit margins out, and possibly even improve that number!

Here is what’s answered in this episode:

* Why do you need to understand profit margins?* What are profit margins are? * What is the difference between Net and Gross profit margins?* What are “good” profit margins?* How do you calculate profit margins?* Can this be explained in an easier way?* How does a business improve its profit margins?

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The Doers Shakers Makers podcast is hosted and produced by me, business educator and talented, tiny business expert, Sierra Bailey. Did this episode inspire you? Send me an email and let me know how!