Gross Profit Margin (GPM) is one of my favorite tools to recover from losses and boost net income.
It is one of the first tells of a healthy business and one metric when managed well will turn the worst of years into a good year.
A slight improvement in Gross Profit Margin could potentially recover this year’s losses.
You can use even use Gross Profit Margin to project this year’s net income.
Watch this video to learn how.