https://twitter.com/ArtemTepler/status/1655770669995687936 Margin and Markup are two different ways of calculating profits, and it's important to understand their distinctions: Let's consider an example using a $100,000 construction job to illustrate the difference between a 20% markup and a 20% margin:
You would be surprised how many small business entrepreneurs do not know this. I taught this MANY times to store owners who had run their business for many years.
We also discussed ROI with regard to inventory turns. That was fun.
You would be surprised how many small business entrepreneurs do not know this. I taught this MANY times to store owners who had run their business for many years.
We also discussed ROI with regard to inventory turns. That was fun.