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"For reference, margins for banking, accounting, and legal services come in around 18–25%, healthcare 12-15%, and software 15–25%. Restaurants? 3–9%. Ya, like s
by c_o_n_v_e_x 5y ago
"For reference, margins for banking, accounting, and legal services come in around 18–25%, healthcare 12-15%, and software 15–25%. Restaurants? 3–9%. Ya, like single digit."
"let’s reset our expectations and restore respectable margins. Let’s aim for 19%."
Let's just bump up our margins to industries where you have some mix of high barriers to entry, lots of regulation, and highly skilled white collar workforce. Right.