Thursday, August 18, 2011

Margins Are Tantamount To Success BY BRADFORD RICHDALE

Often the biggest culprit in a business venture is margins.

I wouldn't touch a business with less than a 10:1 margin (sales price to cost ratio).

Why?  I've failed with bad margins, moreover the greatest successes in business have one common element, great margins.

Look at the drug industry, make a pill for 10 cents and sell it for $10.  Bad margins increase the chance of failure.

                                          written by Brad Richdale copyright 2011 all rights reserved
                                                        blog founded by Bradford Richdale 2011