There are some basics about business that most business owners are afraid to admit that they really don’t know or understand.
Well, here at 2BH we’re going to give you the answers to the questions you might have been too embarrassed to ask.
Here are the terms for today:
What do the terms “net worth,” “profit margin,” and “target market” mean?
Your net worth is the total value of a given business.
Your profit margin is the ratio of your profit divided by revenue and presented as a percentage.
Your target market is a specific group of prospects that your company targets its products and services to.
- Business 101: What Do The Terms B2B, B2C, And Industry Mean? (baybusinesshelp.com)