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Corporate Finance: Is a 1.6% profit margin good for a year in the dental lab industry? That is with paying all employees and the owner... What is a good profit margin?
RC
RC
Rebecca Caroe, I know how to find customers for your business answered:

That is a LOUSY return. You'd be better off putting the money in a savings account in the bank.

I do not know your industry well, but in mine (Marketing Agency) I aim for a net profit of 15% after paying corporate taxes, wages and all overheads.

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