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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