How to Manage Your Gross Profit
In this week’s video, Lou Mosca says it’s surprisingly easy for business owners to forget why they’re in business.
Good Morning!
Here are today’s highlights:
Red-flag watch: Shipments of cardboard boxes fell dramatically in the second quarter.
Forget the politics. The Make America Healthy Again movement is driving sales.
When people stop moving and stop changing jobs, it affects everyone.
In our latest podcast, we get an inside look at what can go wrong when making a big hire.
MANAGEMENT
Lou Mosca says there’s nothing selfish about making a profit: “You’re in business to make a profit—not just on paper, but in cold, hard cash. That means managing your gross profit like it’s sacred. Raise your prices consistently (everyone expects it now), and work closely with vendors to secure better terms and take cash discounts. Every fraction of a percent you gain goes straight to your bottom line. Profit isn’t selfish—it’s smart. Use it to reward your team, strengthen your company, and make a difference.” CONNECT WITH LOU
