What is a Good Profit Margin?

6 minute read

If you’re like most small business owners, you’re probably constantly looking for ways to cut costs and increase your revenue. But how do you actually determine the profitability of your business? By using the correct profit margin formula, you’ll be able to quickly get an accurate look at the state of your company finances.

We’re defining all of the important terms you’ll need to know and breaking down how to find out what your company profit margin is. If you don’t have a handle on the numbers you’ll need to use these profit margin calculations you may want to seek out an accountant to help. Then we’ll compare the profit margins in a variety of industries and give you some great tips on how your business decisions can improve your profit margin percentage and bottom line.