this post was submitted on 27 Nov 2023
1 points (100.0% liked)
Entrepreneur
0 readers
1 users here now
Rules
- No Personal Attacks - criticism of ideas is allowed, attacking people is not.
- Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
- No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
- Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.
Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Don't know what to tell you but margins like mine are still incredible for most service companies. A quick search for stats will show you margins are not that high for majority of industries. But kudos to you with whatever industry your biz is in to generate better margins, sounds like a great one.
Your margins are good. I have taught entrepreneurship and seen hundreds of financials every year for many decades for real and projected ventures. Margins tend to be lower than 43%.
Restaurants are lucky to get 3-5%, and grocery stores even less. However, if you're in the service industry, they tend to be higher. Essentially, you're getting a 43% return, and very few investments can achieve this!