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Industry Revenue Data in IBIS World
You'll learn how to find the earnings potential in this video. You'll need this information when you are writing a business plan because you need to know what you can realistically make and how many employees you'll need to make it.
You'll want to follow these steps to find potential revenue for an industry.
1. Go to IBIS World Website and Log in .
2. Search for the type of business you want information about.
3. Go to the Industry Data tab to find the Revenue per employee and the employees per establishment.
4. Calculate the values for:
Solo entrepreneur: (Revenue per employee)* 1,000= Solo Revenue
Average business: (Revenue per employee)*(employees per establishment)*1000= Average Business Revenue
5. Go to the Market Share Overview. You’ll want to find the employer with the largest revenue in this case it is ABM Industries with $3.306 Billion. It will be written in a format that looks like $3,306 and you need to multiply it by 1,000,000 to make sure you have the right value.
Next, you’ll want to find the average profit margins.
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