{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/651c19a79b495d0012adec42/69fa561c2a1dd3f1a8412e92?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Margins: how to protect the profit ","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/651c19a79b495d0012adec42/1778012687422-d256c04c-09f7-4677-81b9-15f1cd195a3e.jpeg?height=200","description":"<p>Margins matter. But how well do you <em>really</em> understand yours?</p><p><br></p><p>Our regular panel of retailers - Nick Warrington, Liz Pantling-Jones, Steph Warner and Trevor Scott - gets into the nuts and bolts of profitability and margin. </p><p><br></p><ul><li>What does a 'healthy' margin actually look like?</li><li>Is it better to track margin as one overall number or break it down by product?</li><li>Which is the best way to improve margin - sell for more, buy for less, or reduce costs?</li><li>When you’re faced with a customer budget that doesn’t quite work, what’s the smartest way to adjust a project without damaging your margin?</li><li>Where do margins most commonly slip on a job without retailers realising?</li><li>Where does installation fit into margin management?</li><li>When should you take a lower-margin job to boost cash flow?</li></ul><p><br></p><p>Turnover is vanity, but profit is sanity so this is real insight into the most fundamental part of running a business.</p>","author_name":"kbbreview, Andrew Davies"}