Re:Failed Startup's Final Income Statements Reveal Grave Error
by InclinedPlane on Wednesday April 24, 2013 @10:23PM
(#5605413)
The more examples I see the more I'm convinced that a big cause of failing businesses is just failure to do math. I've seen so many businesses struggle because they failed to do the simple thing: concentrate on profit margin and focus on maximizing it.
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Re:Failed Startup's Final Income Statements Reveal Grave Error
by LancerSykera on Thursday April 25, 2013 @02:07AM
(#5605931)
I work for a plumbing/heating/HVAC distributor and the absolute biggest number they look at is margin. Real simple shit, especially when you use a system that always shows the GP% on every screen.