In this episode of Angel Foods Show, I share a quick tip to work out food business profit margins. This sum (yes, math) is super easy and simple to remember! Also, we talk about what you should aim for, profit margin wise? (And amount or percentage of expenses). Plus an update on quails!

The Angel Foods Show is brought to you by the Cake Business School. It is only $1 to enroll and learn how to price + market + sell your sweet items. Enroll here – http://cakebusinessschool.com

Show Notes:

  • Gross income is before expenses. Net income is after expenses.
  • Gross income minus expenses is net income.
  • GPM equation (sum) is little number divide by big number (net income divided by gross income)
  • In the first 12 months of business, aim for 50% GPM (or more). Over 12 months in business, aim for about 60-75% GPM.
  • If you need help with bookkeeping, GPM, pricing (+ increasing profit margins), creating a business plan and income goals – that training is inside Cake Business School. Click Here to Enroll
  • Also, feel free to join our Facebook group, we would love you to join, it is a highly active group and where all the cook cakers hang out.
  • Leave an honest review on iTunes. Your ratings and reviews really help and I read each one.
  • Subscribe on iTunesThank you!