We're talking about how to understand gross profit, net profit, and profit margin. I can't believe that there's many people out there that don't understand these basic principles of profit. So we're going to discuss this here, right? So first of all, this applies across the board, and there's going to be several different ways to calculate gross profit, net profit, and profit margin, but they all apply the same principle, and they all apply the basic same formulas across the board. What you use to calculate it might be different in different verticals and industries. I come from the moving industry, so I'm going to use the example of a moving service, right? But this will apply to any business out there. Understanding what profit margin is, net profit, and gross profit is, and really understanding everything that goes into each one of those categories will really greatly improve your company's performance, increase its quality, and increase its longevity. If you're finding that you're operating and you don't have enough cash flow and so on and so forth, maybe go back to the basics and learn the basics. Guys. I hope you learned something about this. I hope this was beneficial. I hope you were able to understand gross profit, net profit, and profit margin, and how they relate to one another, and how they work and are different from one another as well. #grossprofit #netprofit #profitmargin Pick up my latest best-selling ebook “Who Sells Moving Insurance” right here: http://whosellsmovinginsurance.com If you need the best movers but are struggling to find just the right guys for your moving business then pick up my ebook Hire Great Movers which you can find at hiregreatmovers.com And...if you would like to book a coaching call with me to help your business, whether it is just to commiserate or to ask me about marketing, scaling to 7 figures or more, hiring, operations, processes and systems, or whatever...book a 60 minute call with me. You can find out how here: https://7figuremovingacademy.co/coaching ? Learn the top secrets to hiring great movers https://hiregreatmovers.com ? Be a member of the 7 Figure Moving Academy https://7figuremovingacademy.co/membe... ? How to Start a Moving Company FREE Book https://7figuremovingacademy.co/start... LET'S CONNECT! ✅ https://facebook.com/7figuremovingaca... ✅ https://twitter.com/jaeburnham ✅ https://instagram.com/7figuremovingac... ✅ https://www.linkedin.com/in/jaeburnham/ ✅ https://7figuremovingacademy.co ? SUBSCRIBE! https://www.youtube.com/channel/UC2m0... CONTACT: Jae Burnham 902 W Jefferson St Grand Ledge, MI 48837 ? 7figuremovingacademy@gmail.com Welcome to my YouTube channel! I’ll be teaching you how to be more productive and manage your time, set up systems in your business that work, how to organize and manage projects, and I’ll be sharing various tools, tech, tips, and resources for entrepreneurs looking to have a business that runs like a well-oiled machine! Jae Burnham is a moving industry professional who owned a successful moving company in Lansing, Michigan. He is the creator of the Facebook Group 7 Figure Moving Academy as well as the popular YouTube Channel 7 Figure Moving Academy. Jae is a pioneer in the moving industry and has helped many movers with starting and running their moving businesses. DISCLAIMER: This video and description may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows me to continue to make videos like this. I only recommend products that I use and love. Thank you for your support. Profit, knowing profit, what is profit, understanding profit, what is gross profit, what is net profit, what is profit margin, revenue, taxes, interest, operating expenses, net profit, gross profit, profit margin, 7fma, 7 figure moving academy, jae burnham, moving company mentor, moving company coach, market your moving company, ... https://www.youtube.com/watch?v=E4Qhdgq5OX8