September 1, 2011

Profit Percentages Vie With Volume As Best Business

John Crudele cites profit percentage alone making it appear that grocery stores are not a good bet. But good economy or bad, people have to eat. Grocers make their money on volume. It is possible to go for years without an attorney. But weekly visits to a grocer are common. Grocers have a higher number of visits per year per person than do lawyers and doctors.

[From article]
"gasoline stations earn only 1.4 percent in profits despite the fact that they seemed to be rustling most of our paychecks lately. And grocery stores earn just 1.63 percent
[. . .]
don’t let your babies grow up to be grocers"

http://www.nypost.com/p/news/business/why_it_pays_better_to_be_cowboy_pW11MKXOZavfRLlYhL0XdK

Why it pays better to be a cowboy than a doctor
John Crudele
New York Post
Last Updated: 3:45 AM, September 1, 2011
Posted: 12:11 AM, September 1, 2011

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