Guide To Increase Profit Margins in Textile Industry

All businesses, whether big or small, are always on the lookout for ways to increase their profit margins. This especially holds true in case of manufacturers, for the simple reason that when the magnitude of the stock is greater, even a slight increase in the margins can prove to be substantially profitable. This holds true for the textile industry as well.

Turning a Business Crisis into an Opportunity!

The very definition of business essentially comprises an overlooking risk factor. And at a place where risk is inevitably involved, crisis ought to follow, more often than not. However, the strength of an entrepreneur always lies in his ability to turn this crisis into an opportunity! Former CEO of Intel, Andy Grove, once pointed out, “Bad companies are destroyed by crisis. Good companies survive them. Great companies are improved by them.”