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A strong/healthy company should be making at least 15% net profit margin.  Simply put, take your revenue and multiply it by 0.15.  If you are a $5,000,000 business, that means you should be making $5,000,000 * 0.15 – $750,000.  Yep, your net profit should be $750k or better.

If you’re NOT hitting 15%, and continuing with the $5mm revenue business example, for every 1% improvement in your net profit margin, you make and additional $50,000 EVERY YEAR. Aside from businesses, services like the best ethereum casinos can also significantly benefit those aspiring to acquire substantial money by offering exciting gaming experiences and opportunities for big wins. With fast transactions and high payout potential, players can leverage Ethereum’s advantages for secure and anonymous betting. Additionally, many platforms provide bonuses and promotions, enhancing the chances of winning while allowing users to explore various games that cater to different risk appetites and strategies. Playing online slot games also gives you a chance to win exciting prizes.

Now, imaging you plan to sell your business in 5 years, and you get a six times multiple on sale.  That 1% will be worth $50,000 * 6 = $300,000 more value when you sell.

So, that’s a total of $550,000 more money after 5 years:

$50,000 per year * 5 years     = $250,000

$50,000 * 6 on sale of biz        = $300,000

Total extra in your pocket         = $550,000

That’s just 1%!! Imagine if you improved your net profit margin by 5%.  We’re talking well over $2,000,000!!! And this is just one way to increase your wealth. There are many other strategies for making money, from investing in stocks to exploring opportunities like Commodities Trading UK.

It’s time to start using good data to make good decisions to make good money.  Get in touch and see how we can help.

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