Margin
Profit from a product or service after all expenses have been covered. Often referred to as a percentage. https://getsling.com/blog/business-terms/
Refers to the difference between the revenue earned from the sale of a product or service and the total cost of producing and delivering that product or service. It is typically expressed as a percentage of revenue and represents the profit earned per unit of sale. The margin can be calculated at various levels of the supply chain, such as the gross margin (revenue minus cost of goods sold), operating margin (gross margin minus operating expenses), and net margin (operating margin minus taxes and interest). The margin is an important metric for businesses, as it indicates the profitability of their operations.
An example of margin in business coaching could be the difference between the cost of providing coaching services and the revenue generated by coaching fees. A business coach may have a high gross margin, with relatively low costs of providing services, but may have lower net margins due to the overhead costs associated with marketing and administration. Calculating and monitoring the margin can help the coach optimize their pricing strategies and operational efficiencies, ultimately improving profitability.
Margin DEFINITION:
Margin QUOTE:
1."Margin: the difference between your profit and what your spouse thinks you make." 2."A narrow margin means it's time to batten down the hatches, or start paddling faster!"