How to Improve Business Margins
A business margin shows how much money is left after costs. Better margins usually mean stronger profit.
Review selling prices
If prices are too low, the business may work hard but keep little profit.
Negotiate supplier costs
Small supplier savings can improve margins across many sales.
Reduce waste
Waste, damaged stock and expired items reduce margins.
Control discounts
Discounts should be used carefully. Too many discounts can destroy profit.
Good records help owners see where margins can improve.
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