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  • Richard Hall

More profits? Know your product lines.

Rich Hall Group Business Coach
Profit by product line

Many smaller companies just focus on top line revenue and profits.

The problem is that a single product line could cost more than it should and not be profitable even though the company is.

This is especially important if you discount.

You should know, at a high level at least, what your revenue, expense, and profit is by product line.

If you have a product line that is costing money, and you're discounting, it could be a major drag on profits without even knowing it.

The same goes for major customers but I'll leave that for another post.

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