No matter what you sell, the key to high profit margins is controlling costs while achieving a premium price. Customer retention — a business’s ability to keep customers on board over time — can be a solid focal point for any business looking to improve its profit margins. This step more or less enables you to address every other one on this list. When assessing the profitability of a company, there are several main profit margin ratios to consider. This Excel profit margin template will allow you to calculate the gross profit, EBITDA, operating, and net profit margins. Increase average order […]