Financial Data
Updated 27 Sep 2020


Increasing profit margins

Many business owners think they need to increase sales substantially to make more money. But often that’s too difficult, especially in the short term.


There’s another way to make more money – by increasing your profit margins.

Your business’s profit margin is how much profit it makes for every rand of sales.

To work out your business’s profit margin, you need to know your business’s running costs over a set period, such as a year or quarter. Then take the amount of money you earned over that same period, and subtract the running costs. This number is your net profit. 

 

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