This is one of my business templates, with this template you can tell if your prices are too high or low depending on the margin percentage you set.
You can tell the products you need to buy more and the products you need to buy less.
Its a business guide 🦮.
In the sample above, a good retail profit percentage is set at 30% and above, so anything below 30% is red, and between 30% to 35% is light green.
So, lf i have a product with low margin, i can either increase the price or leave it like that depending on what other stores around are selling.
Most times prices are determined by your environment, other times it is determined by the product expiration date 📅.
We need to understand this simple rules in business, so that the business can survive.
This template is all-in-one template, it contains all business data like
- Purchases
- Sellout
- Expenses
- Inventory
- Summary, etc.
Every business needs a template that provides data for decision making.
I'm giving out this templates for free with a guide on how to use it efficiently.
Just upvote and comment.