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Is Your Profit Margin Actually Good? How to Benchmark Your Business
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Welcome to Profit Points! I'm your host, Megan Schwan, founder of Sidekick Accounting, Certified Profit First Professional, Fix This Next Advisor, and your accounting sidekick. As a business owner myself, I know how easy it is to look at a profit margin and wonder whether you're doing well or falling behind without having anything meaningful to compare it to. That's why each week on Profit Points, I break down one financial concept using practical examples and simple explanations to help you understand your numbers, improve profitability, and build a business…
The skinny
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