Gain a Competitive Advantage: Get Your Numbers Right

Do you know how to be successful? The name of the game is “profit.” Everything you do in your business, every number that you calculate and consider, every point of focus and concentration must be aimed at generating profits of some kind in order to gain a competitive advantage.

Your profit margin can be defined as “the excess of revenues over costs.” You earn profit when you sell a product or service at a price that is greater than the total cost of bringing that product or service to market....