49. How to Explain: Profit Margins
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Healthy margins are a key component to a healthy business.
But some business owners never fully wrap their heads around what profit margins are and what can be done to improve them.
If youβve been beating your head against the wall trying to get your clients to understand PROFIT MARGINS, then this episode is for you!
π In this episode, I'm breaking down exactly how I explain the concept of profit margins to CFO clients.
This is one part of an entire series called βHow to Explainβ - where I share the approaches I take to explain financial concepts to CFO clients.
Check out the other episodes here π
https://youtube.com/playlist?list=PLX-_bIXSlEh3nWIAf1Fpvt5l4jNpLxTiR
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WHO AM I?
I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent the last 7+ years scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that fractional CFOs can have for their clients, their families, and themselves. Now, I help other fractional CFOs learn how to maximize their own impact!
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