Her Ceo Journey

Gross Margin: The Simple Number That Provides Financial Clarity for CEOs

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Sinopsis

If you're building a mission-driven business, there's one particular number you definitely need to check. Understanding this number will quickly pinpoint any issues in your business and determine if you're building a sustainable, profitable venture.In this episode of Her CEO Journey, we demystify the significance of this essential metric for business vitality: Gross Margin.Join our host Christina Sjahli as she unveils the power of this metric, teaches you how to calculate it in minutes, and explains what it tells you about your pricing, costs, and overall financial sustainability.  Access the path to informed decision-making and build a thriving business that resonates with your purpose!Listen and move from panic to power. Key Takeaways:Gross Margin Explained: It's a profitability indicator representing revenue minus the direct cost of delivering your service or product.Calculating Gross Margin Percentage: Revenue minus Cost of Goods Sold divided by Revenue.Interpreting Your Gross Margin:B