Answer Review :: Haq Hai | Business Coaching in India | IILD

Q. Can I expand my business with 5 % of gross margin.

: Amit jain | : 2017-12-24 | : BusinessgrowthAccountReceivables

Reveal Answer

Yes, you can

1. If the Indirect expense is not high, you can expect a margin up to 2-3 %

2. For a volume-based business, if you wish to earn 2-3 crore, then you need to focus on doing a business of at least 100 crores.

3. You highly need to take care of Account Receivables, it has to be on time or before time, have a proper follow-up mechanism on AR.

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