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
Showing posts with label RATIO. Show all posts
Showing posts with label RATIO. Show all posts
Thursday, August 18, 2011
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