Profit Margins Explained
Jocko highlights the razor-thin profit margins many businesses face, including restaurants and large construction projects, which can be as low as 4-6%. He emphasizes the challenges of operating under tight financial constraints, especially when unexpected events, like government mandates, force closures. The discussion reveals a disconnect between policymakers and the realities of running a business, particularly in the hospitality sector.In this clip
From this podcast
The Joe Rogan Experience
Joe Rogan Experience #1492 - Jocko Willink
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