If you are like many business owners you have defined your products and services based on the opportunities presented over the years.

I recently worked with two clients evaluating their respective business margins.  We looked at material, labor and total cost to serve across each of their offerings.

If you haven’t evaluated your true margins by product or service in your business you are likely leaving money on the table or worse yet, you are devaluing your brand in the marketplace.

YOUR CHALLENGE:  Take the time in your business to review the margins.  Are you priced to make money.  Be sure to measure the true margin on each of your products and the effort required to service your clients.

If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

Please visit www.workingonthebusiness.com to register for our complimentary workshop, 6 Steps to a Great Business, and let’s work together to help your business grow.

About the author,

As an ActionCOACH Business Coach from Chicago North Shore, I understand that time is your most valuable asset. Now, I can help you recreate your dreams and vision…and accomplish the goals you first set out to achieve with your business. Ultimately, you will experience a better quality of life because of your commitment to invest in yourself with the help of an ActionCOACH Business Coach and personal mentor.