Are you upset because margins are slipping impacting your company’s overall profitability? AND, at the same time you want to grow your business more rapidly and more profitably?
Yes – margins are one of the most important Key Performance Indicators (KPIs) for your business. And irrespective of your industry’s average profitability, we believe your company can beat that average by at least a factor of 3.
One industry known for high margins is software. If you want to make software-like margins (something like 70% gross, 20% net) in any industry, you need to identify and dominate a narrow niche – what we call the 7-70 Rule.
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