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Product Profitability

Product Profitability

One of the easiest things for an entrepreneur to do is to focus so much on getting the product or service right and satisfying the customer that one forgets to make any actual profit. After all, being in business is all about making profit.

Many accounting systems have the capability to record profit by product/service and yet most entrepreneurs do not get access to this sort of information. The checklist available for download in the right hand panel identifies the various methods of identifying profit by product in your business.

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