Episode 6: The Retail Flooring Blueprint; Understanding Margins, Markups & Real Profit

Welcome to another episode for Flooring 101: The Retail Flooring Blueprint. This week we're discussing margins, mark ups and understanding what real profits mean. When opening a new business of any kind, but especially a flooring business, knowing the difference between margins and markups and where your real profit comes from can make or break your business. In this podcast we discuss 5 key points to keep in mind when learnnig about margins and mark ups, how to avoid some major mistakes!