8. Understand the financial implications.

The article discusses how to understand the financial implications in business. It states that profit is the result after implementing a winning strategy. It notes that profit can be defined as an improvement in the human condition. It points out that a businessman makes a profit by providing goods and services to customers which are worth more to the customer than the cost of providing the benefit . It also states that gross profit less overheads equals net profit. It adds that gross profit or gross margin is the profit made on a sale and is critical in business.